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Jiyen Shin Acquires Office Property In Miramar For $6.17M With Broker Max Lescano & Patrick Salata

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SOLD
$6,166,782

Florida

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Office15,772 SF
Sold 12/23/2025
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Property Image
SOLD

Jiyen Shin Acquires Office Property In Miramar For $6.17M With Broker Max Lescano & Patrick Salata

14601 Southwest 29th Street

See Similar Deals
Office15,772 SF
Sold 12/23/2025
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Summary

FLORIDA
Asset Type:Office
Price Per Square Foot:$391
Total Square Footage:15,772 SF
Transaction Type:Sale

The asset involved in this transaction is an office property located at 14601 Southwest 29th Street in the Miramar market. The property was sold for a total price of $6,166,782, translating to a square footage of 15,772, which means a price per square foot of $390.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: $6,166,782
  • Address: 14601 Southwest 29th Street
  • Market: Miramar
  • Square Footage: 15,772
  • Price per Square Foot: $390
  • Buyer: Jiyen Shin
  • Broker: Max Lescano & Patrick Salata - JLL

Max Lescano and Patrick Salata represented Jiyen Shin in this transaction, facilitating the purchase of the property. Their involvement highlights the crucial roles brokers play in navigating complex real estate deals and ensuring successful outcomes for their clients.

Players

Max Lescano
10 deals$982.9M volume(954) 812-6234
BROKER

Patrick Salata
JLL
2 deals$30.9M volume
BROKER

Details

SOLD
IMAGE: Max Lescano & Patrick Salata DATE: 12/23/2025 ADDRESS: 14601 Southwest 29th Street MARKET: Miramar ASSET TYPE: Office BUYER: Jiyen Shin BROKER: Max Lescano (@MaxLescano) & Patrick Salata (@PatrickSalata) - JLL (@JLL) SALE PRICE: $6,166,782 SF: 15,772 ~ PPSF: $390

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$328,895.04

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$21,909.27
Cash-on-Cash Return-1.27%
Monthly Debt Service$29,233.69
Annual Debt Service$350,804.31