Compass Represents Buyer In $2.5M Office Sale On Alton Road, Miami Beach
1335 Alton Road
$2,500,000
$996/SF
Building Size
2,508 SF
Asset Type
Office
Closing
Jan 18, 2024
About this deal
AI
A 2,508 square-foot office space located at 1335 Alton Road in Miami Beach has been sold for $2,500,000. The property was sold by Luis Mesa.
Summary of transaction details
- Property Type: Office
- Transaction Amount: $2,500,000
- Square Footage: 2,508
- Price per Square Foot: $997
- Address: 1335 Alton Road, Miami Beach
- Market: Miami Beach
The buyer's representatives for this transaction were Juan Sotolongo and Jesse Spencer from Compass.
The office sale at 1335 Alton Road in Miami Beach, Florida sold for $2.5M in 2024. The building is 2,508 square feet, implying about 996 per square foot on the published price. Jesse Spencer, Juan Sotolongo, Compass appear on the sale alongside Compass. This page is the Miami Beach, Florida file for the 1335 Alton Road office sold: pricing, party profiles, and other closed office comps from the same Miami Beach sit in the Market section below. Filter that Miami Beach office set by closing date to see what else sold near 1335 Alton Road around 2024. Published consideration for 1335 Alton Road is $2.5M, dated 2024. Cite this Compass Represents Buyer In $2.5M Office Sale On Alton Road, Miami Beach sale when underwriting similar office product around Miami Beach, Florida.
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
6.35%
Cash-on-Cash
-1.81%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93