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Julie's Realty, LLC Acquires Miami Office Building For $3.1M

Property Image
SOLD
$3,100,000
Yuliya "Julie" Sidorevskaya
Andres Marino

Florida

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Office18,217 SF
Sold
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Property Image
SOLD

Julie's Realty, LLC Acquires Miami Office Building For $3.1M

11575 NW 7 Ave, Miami, Florida 33168, United States

See Similar Deals
Office18,217 SF
Sold
Yuliya "Julie" Sidorevskaya
Andres Marino
the dealplayerscompscontact
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Summary

FLORIDA
Asset Type:Office
Price Per Square Foot:$170
Total Square Footage:18217 SF
Transaction Type:Sale

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.

Players

Yuliya "Julie" Sidorevskaya
Julie's Realty
Yuliya Sidorevskaya
2 deals$9M volume
BROKER
Andres Marino
LUXE Capital Advisors
Andres Marino
5 deals$25.3M volume
BROKER

Details

SOLD
IMAGE: Yuliya "Julie" Sidorevskaya & Andres Marino DATE: 10/28/2021 ADDRESS: 11575 NW 7 Avenue MARKET: Miami ASSET TYPE: Office BROKERS: Yuliya "Julie" Sidorevskaya (@Julie_The_Broker) & Andres Marino (@AndyMarino_Realtor) - Julie’s Realty, LLC ASKING PRICE: $3,600,000 SALE PRICE: $3,100,000 SF: 18,217 ~ PPSF: $170

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$165,333.32

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$11,013.66
Cash-on-Cash Return-1.27%
Monthly Debt Service$14,695.58
Annual Debt Service$176,346.98