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Adrian Blue Therapy Center LLC Acquires Medical Office In Miami For $1.08 Million From Priority1 Retirement LLC
SOLD
$1,080,000
Florida
See Similar DealsOffice3,797 SF
Sold 11/05/2024
SOLD
Adrian Blue Therapy Center LLC Acquires Medical Office In Miami For $1.08 Million From Priority1 Retirement LLC
1560 Southwest 1st Street
See Similar DealsOffice3,797 SF
Sold 11/05/2024
Summary
FLORIDA
Asset Type:Office
Price Per Square Foot:$284
Total Square Footage:3,797 SF
Transaction Type:Sale
Adrian Blue Therapy Center LLC purchased a medical office located at 1560 Southwest 1st Street, Miami for $1,080,000. The property consists of 3,797 square feet and is situated on a 0.16-acre lot. This transaction highlights a price per square foot of $284. The office requires full rehabilitation or redevelopment.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $1,080,000
- Address: 1560 Southwest 1st Street
- Market: Miami
- Square Footage: 3,797 SF
- Price per Square Foot: $284
- Buyer: Adrian Blue Therapy Center LLC
- Seller: Priority1 Retirement LLC
- Brokers: Alessandro Lima & Miguel Fuentes - Fausto Commercial Realty Consultants
- Financing: $972,000 SBA loan
- Lot Size: 0.16 Acres
Alessandro Lima and Miguel Fuentes represented Fausto Commercial Realty Consultants in the transaction between Adrian Blue Therapy Center LLC and Priority1 Retirement LLC. The deal reflects the collaboration between these brokers and the respective parties for this office property acquisition.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$57,600.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$3,837.01
Cash-on-Cash Return-1.27%
Monthly Debt Service$5,119.75
Annual Debt Service$61,437.01
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