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
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.
Players
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