Compass Represents Buyer In $2.5M Office Sale On Alton Road, Miami Beach
SOLD
$2,500,000
Florida
See Similar DealsOffice2,508 SF
Sold 01/18/2024
SOLD
Compass Represents Buyer In $2.5M Office Sale On Alton Road, Miami Beach
1335 Alton Road
See Similar DealsOffice2,508 SF
Sold 01/18/2024
Summary
FLORIDA
Asset Type:Office
Price Per Square Foot:$996
Total Square Footage:2,508 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$133,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$8,881.99
Cash-on-Cash Return-1.27%
Monthly Debt Service$11,851.28
Annual Debt Service$142,215.31
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