SOLDOffice
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
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.
Players
Miami Beach 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
6.35%
Cash-on-Cash
-1.81%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93