Univista Insurance Acquires Office Property In North Miami Beach For $9.3M
SOLD
$9,300,000
Florida
See Similar DealsOffice27,415 SF
Sold 03/25/2022
SOLD
Univista Insurance Acquires Office Property In North Miami Beach For $9.3M
16051 West Dixie Highway
See Similar DealsOffice27,415 SF
Sold 03/25/2022
Summary
FLORIDA
Asset Type:Office
Price Per Square Foot:$339
Total Square Footage:27,415 SF
Transaction Type:Sale
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
BROKERAGE
BUYER
BUYER
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$496,000.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$33,040.93
Cash-on-Cash Return-1.27%
Monthly Debt Service$44,086.74
Annual Debt Service$529,040.94
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