Dr. Joshua Scurlock Acquires Office In Coral Gables From Rolando Chirino For $4.25M
1395 Southwest 22nd Street
$4,250,000
$531/SF
Building Size
8,000 SF
Asset Type
Office
Closing
Nov 14, 2024
AI
The property asset involved in this transaction is an office space located at 1395 Southwest 22nd Street in Coral Gables. The sale price for the asset was $4,250,000, with a total square footage of 8,000, resulting in a price per square foot of $531.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $4,250,000
- Address: 1395 Southwest 22nd Street
- Market: Coral Gables
- Sale Price: $4,250,000
- Square Footage: 8,000
- Price per Square Foot: $531
- Buyer: Dr. Joshua Scurlock
- Seller: Rolando Chirino
- Buyer's Representative: Rainier Sebastian Leon - Real Estate Sales Force (RESF)
- Seller's Representatives: Alessandro Lima & Ashleen Cruz - Fausto Commercial Realty Consultants
This transaction involved key individuals such as the buyer, Dr. Joshua Scurlock, and the seller, Rolando Chirino. The buyer was represented by Rainier Sebastian Leon from Real Estate Sales Force (RESF), while the seller was represented by Alessandro Lima and Ashleen Cruz from Fausto Commercial Realty Consultants, indicating a collaborative effort between different real estate professionals in the negotiation and completion of the sale.
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
3.73%
Cash-on-Cash
-1.07%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93