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1515 Northwest 167th Street...

KEI Properties Acquires Office In Miami Gardens For $9.1M
SOLDOffice

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

Julian Huzenman

Broker

$43.1M

vol

2 deals

Broker
KP
KEI PropertiesBuyer

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