Adrian Blue Therapy Center LLC Acquires Medical Office In Miami For $1.08 Million From Priority1 Retirement LLC
1560 Southwest 1st Street
$1,080,000
$284/SF
Building Size
3,797 SF
Asset Type
Office
Closing
Nov 5, 2024
AI
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.
Players
Miami Office Market Snapshot
Boundary boundary · Office · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
14.69%
Cash-on-Cash
-4.20%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93