Howard Roark Acquires Office Building In North Miami For $3M
1073 Northeast 125th Street, North Miami, Florida 33161, United States
$3,000,000
$375/SF
Building Size
8,000 SF
Asset Type
Office
Closing
Feb 10, 2022
AI
The office property located at 1073-1075 NE 125 Street in North Miami has been sold for $3,000,000. The transaction took place on February 11, 2022. The office space measures approximately 8,000 square feet, resulting in a price per square foot of $375. The seller of the property was Terri Buchalter & Partners, while the buyer was Howard Roark. The sale was facilitated by Alfredo Riascos from Gridline Properties.
Summary of transaction details
- Property Type: Office
- Transaction Amount: $3,000,000
- Address: 1073-1075 NE 125 Street, North Miami
- Market: North Miami
- Buyer: Howard Roark
- Seller: Terri Buchalter & Partners
- Broker: Alfredo Riascos - Gridline Properties
Alfredo Riascos from Gridline Properties represented the buyer, Howard Roark, in the sale of this office property in North Miami.
Players
North Miami Office Market Snapshot
Boundary boundary · Office · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.29%
Cash-on-Cash
-1.51%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93