Digital Drafting System Acquires Office In Hialeah From Guy Brickman For $2.7M
SOLD
$2,700,000
Florida
See Similar DealsOffice11,900 SF
Sold 12/30/2023
SOLD
Digital Drafting System Acquires Office In Hialeah From Guy Brickman For $2.7M
16969 Northwest 67th Avenue
See Similar DealsOffice11,900 SF
Sold 12/30/2023
Summary
FLORIDA
Asset Type:Office
Price Per Square Foot:$226
Total Square Footage:11,900 SF
Transaction Type:Sale
An office property located at 16969 Northwest 67th Avenue in Hialeah was recently sold for $2,700,000. The asset spans 11,900 square feet, resulting in a price per square foot of $227. The transaction took place on December 30, 2023, involving Digital Drafting System as the buyer and Guy Brickman as the seller.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $2,700,000
- Buyer: Digital Drafting System
- Seller: Guy Brickman
- Buyer's Representative: Francisco Giron - Vivo Real Estate Group
- Seller's Representative: Pierre Martinez - Vivo Real Estate Group
- Address: 16969 Northwest 67th Avenue
- Market: Hialeah
Pierre Martinez and Francisco Giron, representing Vivo Real Estate Group, played crucial roles in facilitating this property transaction.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$144,000.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$9,592.53
Cash-on-Cash Return-1.27%
Monthly Debt Service$12,799.38
Annual Debt Service$153,592.53
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