David J. Berger Acquires Miami Office Building For $15M
1150 SW 1st St, Miami, FL 33130, Estados Unidos
$15,000,000
$39/SF
Building Size
375,870 SF
Asset Type
Office
Closing
Oct 1, 2020
About this deal
AI
The office property located at 1150 SW 1st Street in Miami was recently sold on October 2, 2020. The transaction involved a total price of $15,000,000. The property spans a total area of 37,587 square feet, resulting in a price per square foot of $399.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $15,000,000
- Address: 1150 SW 1st Street
- Market: Miami
The buyer of this office property is David J. Berger.
The office sale at 1150 SW 1st St, Miami, FL 33130, Estados Unidos in Miami, Florida sold for $15M in 2020. The building is 375,870 square feet, implying about 39 per square foot on the published price. This page is the Miami, Florida file for the 1150 SW 1st St, Miami, FL 33130, Estados Unidos office sold: pricing, party profiles, and other closed office comps from the same Miami sit in the Market section below. Filter that Miami office set by closing date to see what else sold near 1150 SW 1st St, Miami, FL 33130, Estados Unidos around 2020. Published consideration for 1150 SW 1st St, Miami, FL 33130, Estados Unidos is $15M, dated 2020. Cite this David J. Berger Acquires Miami Office Building For $15M sale when underwriting similar office product around Miami, Florida.
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Miami Office Market Snapshot
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.06%
Cash-on-Cash
-0.30%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93