TopMed Realty Acquires Office Asset From Key International For $13.87M In Miami
1011 Sunnybrook Rd
$13,875,000
$326/SF
Building Size
42,489 SF
Asset Type
Office
Closing
May 14, 2019
About this deal
AI
The property asset involved in the transaction is located at 1011 Sunnybrook Rd, Miami. It is an office asset with a total square footage of 42,489. The transaction was completed at a price of $13,875,000.00.
Summary of transation details:
- Property Type: Office
- Transaction Amount: $13,875,000.00
- Buyer: TOPMED REALTY
- Seller: KEY INTERNATIONAL
- Broker: TYLER KUHLMAN
TYLER KUHLMAN represented the buyer, TOPMED REALTY, in this transaction, facilitating the deal with the seller, KEY INTERNATIONAL.
The office sale at 1011 Sunnybrook Rd in Miami, Florida sold for $13.9M in 2019. The building is 42,489 square feet, implying about 326 per square foot on the published price. Tyler Kuhlman, CBRE appear on the sale alongside CBRE. This page is the Miami, Florida file for the 1011 Sunnybrook Rd office sold: pricing, party profiles, and other closed office comps from the same Miami sit in the Market section below. Filter that Miami office set by closing date to see what else sold near 1011 Sunnybrook Rd around 2019. Published consideration for 1011 Sunnybrook Rd is $13.9M, dated 2019. Cite this TopMed Realty Acquires Office Asset From Key International For $13.87M In Miami sale when underwriting similar office product around Miami, Florida.
On the Map
$13,875,000
$326/SF
Office
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.14%
Cash-on-Cash
-0.33%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93