Laetitia B Piedra & Antoine P. Bona Acquire Office Building In Miami, FL For $6.35M
161 Almeria Avenue, Miami, Florida 33134, United States
$6,350,000
$453/SF
Building Size
13,996 SF
Asset Type
Office
Closing
Apr 4, 2022
About this deal
AI
Located at 161 Almeria Ave in Miami, FL, this office building was recently sold in a closed transaction. The property spans a total of 13,996 square feet and was sold for a price of $6,350,000, resulting in a price per square foot of $453. The buyer of the property is Laetitia B Piedra & Antoine P. Bona, while the seller is Bruce Brosch.
Summary of transaction details
- Property Type: Office Building
- Transaction Amount: $6,350,000
- Square Footage: 13,996
- Price per Square Foot: $453
- Buyer: Laetitia B Piedra & Antoine P. Bona
- Seller: Bruce Brosch
This transaction showcases the successful deal between Laetitia B Piedra & Antoine P. Bona as the buyers and Bruce Brosch as the seller. The involvement of these individuals is crucial in understanding the dynamics of the sale. It highlights the level of trust and negotiation skills required in closing the deal.
Players
Coral Gables Office Market Snapshot
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.50%
Cash-on-Cash
-0.71%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93