Howard Roark Acquires Office Building In North Miami For $3M
SOLD
$3,000,000
Florida
See Similar DealsOffice8,000 SF
Sold 02/11/2022
SOLD
Howard Roark Acquires Office Building In North Miami For $3M
1073 Northeast 125th Street, North Miami, Florida 33161, United States
See Similar DealsOffice8,000 SF
Sold 02/11/2022
Summary
FLORIDA
Asset Type:Office
Price Per Square Foot:$375
Total Square Footage:8,000 SF
Transaction Type:Sale
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
SELLER
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$160,000.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$10,658.36
Cash-on-Cash Return-1.27%
Monthly Debt Service$14,221.53
Annual Debt Service$170,658.37
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