Fortune International Group Acquires Office Property In North Miami Beach For $16M
13899 Biscayne Boulevard, North Miami Beach, Florida 33181, United States
$16,000,000
Building Size
—
Asset Type
Office
Closing
Aug 16, 2022
About this deal
AI
The 1.74-acre office property located at 13899 Biscayne Boulevard in North Miami Beach has been sold for $16,000,000. The transaction took place on 08/17/2022.
Summary of transaction details
- Property Type: Office
- Transaction Amount: $16,000,000
- Market: North Miami Beach
- Address: 13899 Biscayne Boulevard
- Buyer: Fortune International Group - Edgardo Defortuna & Blue Road - Jorge Savloff
The buyer of the property is the Fortune International Group, represented by Edgardo Defortuna, and Blue Road, represented by Jorge Savloff.
The office sale at 13899 Biscayne Boulevard, North Miami Beach, Florida 33181, United States in North Miami Beach, Florida sold for $16M in 2022. 13899 Biscayne Boulevard, North Miami Beach, Florida 33181, United States is classified as Office on Traded. This page is the North Miami Beach, Florida file for the 13899 Biscayne Boulevard, North Miami Beach, Florida 33181, United States office sold: pricing, party profiles, and other closed office comps from the same North Miami Beach sit in the Market section below. Filter that North Miami Beach office set by closing date to see what else sold near 13899 Biscayne Boulevard, North Miami Beach, Florida 33181, United States around 2022. Published consideration for 13899 Biscayne Boulevard, North Miami Beach, Florida 33181, United States is $16M, dated 2022. Cite this Fortune International Group Acquires Office Property In North Miami Beach For $16M sale when underwriting similar office product around North Miami Beach, Florida.
Players
North Miami Beach Office Market Snapshot
Boundary boundary · Office · Sale transactions
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Deal FAQ
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.99%
Cash-on-Cash
-0.28%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93