Coral Way Miami Holdings Acquires Office Building On Coral Way In Miami For $3.3M
1395 Coral Way, Miami, FL 33145, USA
$3,300,000
$369/SF
Building Size
8,934 SF
Asset Type
Office
Closing
Aug 2, 2020
About this deal
AI
An office property located at 1395 Coral Way in Miami has been sold. The property spans 8,934 square feet and was sold at a price of $3,300,000, which translates to a price per square foot of $369. The transaction took place on 08/02/2021.
Summary of transaction details
- Property Type: Office
- Transaction Amount: $3,300,000
- Address: 1395 Coral Way, Miami
- Market: Miami
The buyer of this property is Coral Way Miami Holdings, represented by Rolando Chirino. On the other hand, the seller is FJM Holdings, represented by Francisco Mehech. Alessandro Lima served as the buyer's representative, while Archie Mehech represented the seller.
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
4.81%
Cash-on-Cash
-1.37%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93