Brian J. Tusa Acquires Office Building In North Miami Beach For $6.4M
SOLD
$6,444,054
Florida
See Similar DealsOffice17,710 SF
Sold 04/04/2022
SOLD
Brian J. Tusa Acquires Office Building In North Miami Beach For $6.4M
17071 Northeast 22nd Avenue, North Miami Beach, Florida 33180, United States
See Similar DealsOffice17,710 SF
Sold 04/04/2022
Summary
FLORIDA
Asset Type:Office
Price Per Square Foot:$363
Total Square Footage:17,710 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$343,682.89
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$22,894.35
Cash-on-Cash Return-1.27%
Monthly Debt Service$30,548.10
Annual Debt Service$366,577.24
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