Brian J. Tusa Acquires Office Building In North Miami Beach For $6.4M
17071 Northeast 22nd Avenue, North Miami Beach, Florida 33180, United States
$6,444,054
$363/SF
Building Size
17,710 SF
Asset Type
Office
Closing
Apr 3, 2022
AI
An office building located at 17071 W Dixie Hwy in North Miami Beach, FL has been sold for a total price of $6,444,054. The building spans a total of 17,710 square feet, resulting in a price per square foot of $364.
Summary of transaction details
- Property Type: Office Building
- Transaction Amount: $6,444,054
- Address: 17071 W Dixie Hwy, North Miami Beach, FL
- Market: North Miami Beach, FL
- Square Footage: 17,710
- Price per Square Foot: $364
The buyer of the office building is Brian J. Tusa, while the seller is Alan S. Macken.
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
2.46%
Cash-on-Cash
-0.70%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93