FINANCEDOffice
Vertix Group Provides $18.25M Refinance Loan For Doral Office Property
10305 Northwest 58th Street, Doral, FL 33178, USA
$18,250,000
$121/SF
Building Size
149,797 SF
Asset Type
Office
Closing
Sep 2, 2021
AI
Located at 10305 N.W. 58th St. in Doral, this office property spans a total of 149,797 square feet. The transaction took place on September 2, 2021.
Summary of transation details
- Property Type: Office
- Transaction Amount: $18,250,000
- Market: Doral
The loan for this transaction was provided by Vertix Group, represented by Albert Arisso and Frank Hermosa. The loan amount was $18,250,000, and it was a refinance loan.
Players
Doral Office Market Snapshot
Boundary boundary · Office · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.87%
Cash-on-Cash
-0.25%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93