KEI Properties Acquires Office In Miami Gardens For $9.1M
1515 Northwest 167th Street, Miami, FL 33169, USA
$9,100,000
$178/SF
Building Size
51,000 SF
Asset Type
Office
Closing
Sep 24, 2021
AI
Located in Miami Gardens, the office property at 1515 NW 167th Street has been sold in a recent transaction. The sale, facilitated by Julian Huzenman of FIP Commercial Realty, involved KEI Properties, represented by Kenneth Israel, as the buyer, and Niznik Behavioral Health as the seller. The property spans 51,000 square feet and was sold for a total price of $9,100,000, resulting in a price per square foot of $178.
Summary of transaction details
- Property Type: Office
- Transaction Amount: $9,100,000
- Buyer: KEI Properties - Kenneth Israel
- Seller: Niznik Behavioral Health
- Broker: Julian Huzenman - FIP Commercial Realty
- Address: 1515 NW 167th Street, Miami Gardens
This successful transaction highlights the involvement of key individuals and companies in the deal. KEI Properties, represented by Kenneth Israel, emerged as the buyer, while Niznik Behavioral Health played the role of the seller. Julian Huzenman from FIP Commercial Realty served as the broker in this transaction, ensuring a smooth and efficient process for all parties involved.
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
1.74%
Cash-on-Cash
-0.50%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93