Univista Insurance Acquires Office Property In North Miami Beach For $9.3M
16051 West Dixie Highway
$9,300,000
$339/SF
Building Size
27,415 SF
Asset Type
Office
Closing
Mar 25, 2022
AI
Ivan Herrera has sold an office property located at 16051 West Dixie Highway in North Miami Beach. The property spans across 2.5 acres and was sold on March 25, 2022, for a total price of $9,300,000. The office building has a total area of 27,415 square feet, resulting in a price per square foot of $339.
Summary of transaction details
- Property Type: Office
- Transaction Amount: $9,300,000
- Address: 16051 West Dixie Highway, North Miami Beach
- Market: North Miami Beach
- Size: 2.5 acres
The buyer in this transaction is Univista Insurance, represented by Ivan Herrera, Ania Herrera, and Luis Castro. The seller is Alberto Lensi.
Players
North Miami Beach 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
1.71%
Cash-on-Cash
-0.49%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93