facebook
Traded Co logo
Submit

Washington Square GP Management Acquires Office Building In Miami Gardens For $6.1M

Property Image
SOLD
$6,100,000

Florida

See Similar Deals
Office72,407 SF
Sold 10/01/2020
the dealplayerscompscontact
Property Image
SOLD

Washington Square GP Management Acquires Office Building In Miami Gardens For $6.1M

111 NW 183rd St, Miami Gardens, FL, USA

See Similar Deals
Office72,407 SF
Sold 10/01/2020
Contact now

Summary

FLORIDA
Asset Type:Office
Price Per Square Foot:$84
Total Square Footage:72,407 SF
Transaction Type:Sale

The office property located at 111 Northwest 183rd St in Miami Gardens was sold on January 10, 2020. The buyer, Washington Square GP Management, represented by Zachary Preminger, acquired the property from TM Real Estate, with Matthew Pellar as the representative. The sale price for the property was $6,100,000, and it encompasses a total area of 72,407 square feet, resulting in a price per square foot of $84.

Summary of transaction details

  • Property Type: Office
  • Transaction Amount: $6,100,000
  • Address: 111 Northwest 183rd St
  • Market: Miami Gardens

Zachary Preminger, representing Washington Square GP Management, played a key role as the buyer in this transaction. On the other side, Matthew Pellar, from TM Real Estate, served as the seller's representative. Together, these individuals facilitated the successful sale of the office property in Miami Gardens.

Players

3 deals$103.6M volume
SELLER

Details

SOLD
IMAGE: 01/10/2020 ADDRESS: 111 Northwest 183rd St MARKET: Miami Gardens ASSET TYPE: Office BUYER: Washington Square GP Management - Zachary Preminger SELLER: TM Real Estate - Matthew Pellar PRICE: $6,100,000 SF: 72,407 ~ PPSF: $84

Stay in the Know

Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.

By subscribing, you agree to our Terms of Service and Privacy Policy.

Similar Deals

Contact

Get in touch with the broker you want

Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$325,333.32

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$21,672.03
Cash-on-Cash Return-1.27%
Monthly Debt Service$28,917.11
Annual Debt Service$347,005.34