CRG Acquires 56,462 SF Miramar Office Building From Zeta Associates For $18M
SOLD
$18,000,000
Florida
See Similar DealsOffice56,462 SF
Sold 09/20/2021
SOLD
CRG Acquires 56,462 SF Miramar Office Building From Zeta Associates For $18M
10315 Usa Today Way, Miramar, FL 33025, USA
See Similar DealsOffice56,462 SF
Sold 09/20/2021
Summary
FLORIDA
Asset Type:Office
Price Per Square Foot:$318
Total Square Footage:56,462 SF
Transaction Type:Sale
The office property located at 10315 USA Today Way in Miramar has been sold for $18,000,000. The property spans over 7 acres and has a total square footage of 56,462. The sale price per square foot was $319.
Summary of transaction details
- Property Type: Office
- Transaction Amount: $18,000,000
- Address: 10315 USA Today Way
- Market: Miramar
- Acres: 7
The buyer in this transaction was CRG, while the seller was Zeta Associates.
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$960,000.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$63,950.20
Cash-on-Cash Return-1.27%
Monthly Debt Service$85,329.18
Annual Debt Service$1,023,950.20
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