facebook

traded

+ Submit
Home

/

Deals

/

Florida

/

Office

/

Sale

/

1073 Northeast 125th Street...

Howard Roark Acquires Office Building In North Miami For $3M
SOLDOffice

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

Alfredo Riascos

Gridline Properties

Broker

$331.2M

vol

49 deals

Broker

Howard Roark

Buyer

$44M

vol

10 deals

Buyer
Partners
PartnersSeller

North Miami Office Market Snapshot

Boundary boundary · Office · Sale transactions

Loading comparables…

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