Brian J. Tusa Acquires Office Building On W Dixie Hwy, North Miami Beach For $4.2M
SOLD
$4,240,416
Florida
See Similar DealsOffice12,118 SF
Sold 04/04/2022
SOLD
Brian J. Tusa Acquires Office Building On W Dixie Hwy, North Miami Beach For $4.2M
17017 West Dixie Highway, North Miami Beach, Florida 33160, United States
See Similar DealsOffice12,118 SF
Sold 04/04/2022
Summary
FLORIDA
Asset Type:Office
Price Per Square Foot:$349
Total Square Footage:12,118 SF
Transaction Type:Sale
An office building located at 17017 W Dixie Hwy in North Miami Beach, FL has been sold in a recent transaction. The property spans 12,118 square feet and was sold for a total price of $4,240,416, translating to a price per square foot of $349.
Summary of transaction details
- Property Type: Office Building
- Transaction Amount: $4,240,416
- Address: 17017 W Dixie Hwy, North Miami Beach, FL
- Market: North Miami Beach, FL
- Buyer: Brian J. Tusa
- Seller: Alan S. Macken
- Square Footage: 12,118
- Price per Square Foot: $349
Brian J. Tusa has acquired the office building from Alan S. Macken in this transaction.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$226,155.53
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$15,065.30
Cash-on-Cash Return-1.27%
Monthly Debt Service$20,101.74
Annual Debt Service$241,220.82
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