facebook
Traded Co logo
Submit

Innovatus Capital Partners Acquires Sweetwater Office For $29.3M

Property Image
SOLD
$29,300,000

Florida

See Similar Deals
Office173,936 SF
Sold 04/06/2020
the dealdetailscomps
Property Image
SOLD

Innovatus Capital Partners Acquires Sweetwater Office For $29.3M

11430 Northwest 20th Street, Miami, FL, USA

See Similar Deals
Office173,936 SF
Sold 04/06/2020

Summary

FLORIDA
Asset Type:Office
Price Per Square Foot:$168
Total Square Footage:173,936 SF
Transaction Type:Sale

The office property located at 11430 Northwest 20th Street and 11410 Northwest 20th Street in Sweetwater has been sold for a price of $29,300,000. The transaction took place on April 6, 2020. The property spans an area of 173,936 square feet, resulting in a price per square foot of $168. The seller, Procacci Development Corp represented by Philip Procacci, sold the property to the buyer, Innovatus Capital Partners.

Summary of transaction details

  • Property Type: Office
  • Transaction Amount: $29,300,000
  • Address: 11430 Northwest 20th Street, 11410 Northwest 20th Street, Sweetwater
  • Market: Sweetwater
  • Square Footage: 173,936
  • Price per Square Foot: $168
  • Seller: Procacci Development Corp - Philip Procacci
  • Buyer: Innovatus Capital Partners

Philip Procacci, representing Procacci Development Corp, facilitated the sale of this office property in Sweetwater to Innovatus Capital Partners.

Players

BUYER

Details

SOLD
IMAGE: Philip Procacci DATE: 04/06/2020 ADDRESS: 11430 Northwest 20th Street, 11410 Northwest 20th Street MARKET: Sweetwater ASSET TYPE: Office BUYER: Innovatus Capital Partners SELLER: Procacci Development Corp - Philip Procacci PRICE: $29,300,000 SF: 173,936 ~ PPSF: $168

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

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)

$1,562,666.67

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$104,096.71
Cash-on-Cash Return-1.27%
Monthly Debt Service$138,896.95
Annual Debt Service$1,666,763.38