Ivan A. Herrera Acquires Office Property In Hialeah For $3.5M
SOLD
$3,525,000
Florida
See Similar DealsOffice11,398 SF
Sold 08/19/2021
SOLD
Ivan A. Herrera Acquires Office Property In Hialeah For $3.5M
15225 NW 77th Ave, Hialeah, FL, USA
See Similar DealsOffice11,398 SF
Sold 08/19/2021
Summary
FLORIDA
Asset Type:Office
Price Per Square Foot:$309
Total Square Footage:11,398 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$187,999.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$12,523.59
Cash-on-Cash Return-1.27%
Monthly Debt Service$16,710.30
Annual Debt Service$200,523.58
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