Updated Oct 29, 2024
5040 NW 7th St
5040 NW 7th St, Miami, FL, 33126
$18,000,000
$218/SF
Building Size
82,298 SF
Asset Type
Medical Office
Closing
Apr 25, 2022
About this deal
AI
The property asset involved in the transaction is located at 5040 NW 7th St, Miami, FL, 33126. The transaction was completed for a price of $18,000,000.00 and encompasses a total square footage of 82,298 in the Miami market.
Summary of transaction details:
- Property Type: Not specified
- Transaction Amount: $18,000,000.00
- Address: 5040 NW 7th St, Miami, FL, 33126
- Market: Miami
- Seller's Representatives: Brian De La Fé - Avison Young, Dominic Montazemi - Cushman & Wakefield, John Crotty - Avison Young
- Buyer: Valero Capital Partners
The transaction was facilitated through multiple representatives, indicating a collaborative effort among brokers from different agencies, all of whom played a role in representing the seller. The involvement of both Avison Young and Cushman & Wakefield highlights the strategic alliances in the real estate sector for this deal.
Players
Miami Medical Office Market Snapshot
Boundary boundary · Medical Office · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.88%
Cash-on-Cash
-0.25%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93