Bill Rammos Leases 3700 Sq Ft Miami Office Space At 120 NE 27th St
120 NE 27th St, Miami, FL, 33137
Building Size
3,700 SF
Asset Type
Office
Closing
May 25, 2021
About this deal
AI
Located at 120 NE 27th St, Miami, FL, 33137, the property involved in this lease transaction is an office space spanning 3,700 square feet. The landlord, Bill Rammos, represented by Tony Arellano from DWNTWN Realty Advisors, facilitated this deal in the vibrant Miami market.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Not Applicable
- Landlord: Bill Rammos
- Landlord's Representative: Tony Arellano (DWNTWN Realty Advisors)
- Market: Miami
This lease deal was finalized on 05/25/2021, bringing together the landlord, Bill Rammos, and Tony Arellano from DWNTWN Realty Advisors, representing Bill Rammos in the transaction. The 3,700 square feet office space at 120 NE 27th St, Miami, FL, 33137, now serves as a new business location in the thriving Miami market.
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93