Investex Coral LLC Acquires Office Property In Miami For $3.2M
1757 SW 22nd St, Miami, FL, USA
$3,200,000
$409/SF
Building Size
7,820 SF
Asset Type
Office
Closing
Aug 11, 2021
About this deal
AI
The office property located at 1757 SW 22nd St in Miami was recently sold for a transaction amount of $3,200,000. This property spans across 7,820 square feet and was sold at a price per square foot of $409. The buyer of this property was Investex Coral LLC, while the seller was Gibsa LLC.
Summary of transation details
- Property Type: Office
- Transaction Amount: $3,200,000
- Square Footage: 7,820
- Price per Square Foot: $409
- Address: 1757 SW 22nd St, Miami
Investex Coral LLC, represented by their broker, was the buyer in this transaction. Gibsa LLC, the seller, was represented by their broker as well.
Players
Miami 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
4.96%
Cash-on-Cash
-1.42%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93