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15225 NW 77th Ave, Hialeah,...

Ivan A. Herrera Acquires Office Property In Hialeah For $3.5M
SOLDOffice

Ivan A. Herrera Acquires Office Property In Hialeah For $3.5M

15225 NW 77th Ave, Hialeah, FL, USA

$3,525,000

$309/SF

Building Size

11,398 SF

Asset Type

Office

Closing

Aug 18, 2021

AI

The office property located at 15225 NW 77th Ave, Hialeah has been sold for a total of $3,525,000. The property spans approximately 11,398 square feet, resulting in a price per square foot of $309.

Summary of transaction details

  • Property Type: Office
  • Transaction Amount: $3,525,000
  • Square Feet: 11,398
  • Price per Square Foot: $309
  • Address: 15225 NW 77th Ave, Hialeah
  • Market: Hialeah

Ivan A. Herrera has purchased the property from Juan C. Ramos.

Players

Juan Ramos

Broker

$41.2M

vol

4 deals

Broker

Ivan A. Herrera

Buyer

$105.6M

vol

7 deals

Buyer

Hialeah 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

4.50%

Cash-on-Cash

-1.29%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93