Rock Soffer Sells Mixed-Use Property At 128 Northwest 25th Street For $8.2 Million
128 Northwest 25th Street & 138 Northwest 25th Street
$8,200,000
$463/SF
Building Size
17,684 SF
Asset Type
Mixed-use
Closing
Mar 20, 2025
AI
The asset involved in the transaction is a mixed-use property located at 128 Northwest 25th Street & 138 Northwest 25th Street in the Miami market. The sale price for the property was $8,200,000. The total square footage of the property is 8,842, which results in a price per square foot of $927.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $8,200,000
- Square Footage: 8,842
- Price Per Square Foot: $927
- Seller: Rock Soffer
- Buyer's Representative: Adam Redolfi - ALURE Capital
- Seller's Representatives: Tony Arellano & Devlin Marinoff - DWNTWN Realty Advisors
- Date of Sale: 03/20/2025
Adam Redolfi from ALURE Capital represented the buyer, while Tony Arellano and Devlin Marinoff from DWNTWN Realty Advisors represented the seller in this transaction. Their roles were crucial in facilitating the deal, ensuring both parties' interests were addressed throughout the process.
Players
Miami Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.93%
Cash-on-Cash
-0.55%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93