Luis Garcia Acquires Office Building At 1390 Northwest 14th Avenue From Peter Felde For $5.4M
1390 Northwest 14th Avenue
$5,400,000
$347/SF
Building Size
15,563 SF
Asset Type
Office
Closing
Jun 22, 2025
About this deal
AI
1390 Northwest 14th Avenue is a Class B office building located in the Health District of Miami. The property encompasses 17,322 square feet and sold for $5,400,000, equating to a price per square foot of $311.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $5,400,000
- Address: 1390 Northwest 14th Avenue
- Market: Miami
- Sales Representative: Virgilio Fernandez - Colliers
- Buyer: Luis Garcia
- Seller: Peter Felde
Virgilio Fernandez of Colliers represented the seller, Peter Felde, in this cash transaction. Colliers is positioned to assist in further development opportunities, helping clients unlock maximum property value.
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
2.94%
Cash-on-Cash
-0.84%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93