Unity On The Bay Inc Acquires Church Property In Miami Gardens From Teen Missions International For $9.1M
17800 Northwest 25th Avenue
$91,000,000
$3,626/SF
Building Size
25,093 SF
Asset Type
Church
Closing
Apr 30, 2025
About this deal
AI
Unity on the Bay Inc. acquired a church property located at 17800 Northwest 25th Avenue in Miami Gardens. The transaction involved a property asset spanning 25,093 square feet on 4.24 acres. The sale price for the property was $9,100,000, reflecting a price per square foot of $3,627.
Summary of transaction details:
- Property Type: Church
- Transaction Amount: $9,100,000
- Square Footage: 25,093 SF
- Address: 17800 Northwest 25th Avenue
- Market: Miami Gardens
- Seller: Teen Missions International
- Buyer: Unity on the Bay Inc
- Broker: Oscar Valdes - KW Commercial
The transaction took place following a foreclosure acquisition by Teen Missions International in February 2024. Oscar Valdes from KW Commercial was the representative for Unity on the Bay Inc. in this transaction.
On the Map
$91,000,000
$3,626/SF
Church
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Miami Gardens Church Market Snapshot
Boundary boundary · Church · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.17%
Cash-on-Cash
-0.05%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93