KW Doral Property LLC Acquires Office In Miami For $5M
10900 Northwest 25th Street, Miami, FL, USA
$5,000,000
$260/SF
Building Size
19,166 SF
Asset Type
Office
Closing
Apr 1, 2019
About this deal
AI
Located at 10900 Northwest 25th Street in Miami's Doral market, an office property with a total area of 19,166 square feet was recently sold for $5,000,000. The sale took place on April 2, 2019.
Summary of transaction details
- Property Type: Office
- Transaction Amount: $5,000,000
- Square Footage: 19,166
- Price per Square Foot: $261
- Address: 10900 Northwest 25th Street
- Market: Doral
The buyer of the property was KW Doral Property LLC, represented by Louis Erice. On the other hand, Gulfix LLC, represented by Juan Fayen Lonjon, acted as the seller. The deal was facilitated by brokers Jeffrey Roa from Keller Williams Realty International Lifestyles, and Alex Zylbertglait and Francisco Baserva from Marcus & Millichap.
Players
Sweetwater 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
3.17%
Cash-on-Cash
-0.91%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93