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
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.
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