Julie's Realty, LLC Acquires Miami Office Building For $3.1M
11575 NW 7 Ave, Miami, Florida 33168, United States
$3,100,000
$170/SF
Building Size
18,217 SF
Asset Type
Office
Closing
Oct 28, 2021
About this deal
AI
An office property located at 11575 NW 7 Avenue in Miami has been sold. The transaction took place on October 28, 2021. The property, measuring 18,217 square feet, was sold for a price of $3,100,000, which yields a price per square foot of $170. The asking price for the property was $3,600,000.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $3,100,000
- Address: 11575 NW 7 Avenue, Miami
- Market: Miami
The sale of the property was facilitated by Yuliya "Julie" Sidorevskaya and Andres Marino of Julie’s Realty, LLC, who represented the parties involved in the transaction.
On the Map
$3,100,000
$170/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
5.12%
Cash-on-Cash
-1.46%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93