Washington Square GP Management Acquires Office Building In Miami Gardens For $6.1M
111 NW 183rd St, Miami Gardens, FL, USA
$6,100,000
$84/SF
Building Size
72,407 SF
Asset Type
Office
Closing
Oct 1, 2020
About this deal
AI
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.
On the Map
$6,100,000
$84/SF
Office
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Players
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
2.60%
Cash-on-Cash
-0.74%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93