Howard Roark Acquires Office Property In North Miami Beach For $6.5M
1125 NE 125 St, North Miami, Florida 33161, United States
$6,500,000
$209/SF
Building Size
31,000 SF
Asset Type
Office
Closing
Jan 20, 2022
AI
The office property located at 1125 NE 125 Street in North Miami Beach has been sold for $6,500,000. The property encompasses approximately 31,000 square feet, resulting in a price per square foot of $210. The transaction took place on January 21, 2022. The buyer in this deal was Howard Roark, while the seller was Uri Segev. The sale was facilitated by Alfredo Riascos of Gridline Properties.
Summary of transaction details
- Property Type: Office
- Transaction Amount: $6,500,000
- Address: 1125 NE 125 Street
- Market: North Miami Beach
- Buyer: Howard Roark
- Seller: Uri Segev
- Broker: Alfredo Riascos - Gridline Properties
- Square Footage: 31,000
- Price per Square Foot: $210
Alfredo Riascos of Gridline Properties played a crucial role in representing the buyer and seller in this transaction. Their expertise and negotiation skills contributed to the successful completion of the deal.
Players
North 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
2.44%
Cash-on-Cash
-0.70%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93