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
$4,240,416
$349/SF
Building Size
12,118 SF
Asset Type
Office
Closing
Apr 3, 2022
AI
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.
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
3.74%
Cash-on-Cash
-1.07%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93