Updated Dec 4, 2024
Candor Capital Acquires Medical Office In Miami For $11M
151 Northwest 11th Street, 12550 Biscayne Boulevard & S Le Jeune Rd 1
$11,000,000
$172/SF
Building Size
21,222 SF
Asset Type
Medical Office
Closing
Oct 16, 2023
About this deal
AI
A medical office property located at 151 Northwest 11th Street, 351 Northwest Le Jeune Road, and 12550 Biscayne Boulevard in Miami has been sold. The property, spanning 21,222 square feet, was purchased by Candor Capital, represented by Ben Meshel and Adam Ibrahim, for a total price of $11,000,000. The price per square foot for this transaction was $518.
Summary of transaction details:
- Property Type: Medical Office
- Transaction Amount: $11,000,000
- Address: 151 Northwest 11th Street, 351 Northwest Le Jeune Road, and 12550 Biscayne Boulevard
- Market: Miami
- Buyers: Candor Capital - Ben Meshel and Adam Ibrahim
- Seller: Rodolfo Dumenigo
- Square Footage: 21,222
- Price per Square Foot: $518
The acquisition was facilitated by Ben Meshel and Adam Ibrahim from Candor Capital. They acted as the buyer's representatives in the deal. On the other hand, Rodolfo Dumenigo served as the seller.
On the Map
$11,000,000
$172/SF
Medical Office
View full map
Players
Miami Medical Office Market Snapshot
Boundary boundary · Medical Office · Sale transactions
Loading comparables…
Deal FAQ
Visit Ben Meshel to view all their deals.
Browse Miami medical office sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.44%
Cash-on-Cash
-0.41%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93