Opterra Capital Acquires Condo Portfolio In Miami For $9.15M
6861 Southwest 44th Street, Miami, FL 33155, USA
$9,150,000
$9,242/SF
Building Size
990 SF
Asset Type
—
Closing
Oct 11, 2021
AI
A 39-unit condo property located at 6821, 6851, and 6861 S.W. 44th Street in Miami has been sold for a total of $9,150,000. The buyer of the property is Opterra Capital, LLC. The transaction was facilitated by broker Rosendo Caveiro from Avison Young. The sale price equates to an average price per unit of $234,615.
Summary of transaction details
- Property Type: Condo
- Transaction Amount: $9,150,000
- Address: 6821, 6851, and 6861 S.W. 44th Street, Miami
- Market: Miami
- Buyer: Opterra Capital, LLC
- Broker: Rosendo Caveiro - Avison Young
- Units: 39
- Price per Unit: $234,615
With this transaction, Opterra Capital, LLC expands its portfolio in the condo market in Miami. The involvement of Rosendo Caveiro from Avison Young as the broker highlights the importance of professional representation in such deals.
Players
Miami CRE Market Snapshot
Boundary boundary · CRE · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.73%
Cash-on-Cash
-0.50%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93