Pdl Coral LLC Acquires Office Building In Miami For $5.3M
1901 Ponce De Leon Road, Miami, FL, USA
$5,300,000
$381/SF
Building Size
13,912 SF
Asset Type
Office
Closing
Jul 14, 2021
About this deal
AI
The office property located at 1901 Ponce De Leon Blvd in Miami has been sold in a recent transaction. The property spans a total area of 13,912 square feet, and the sale price amounted to $5,300,000. This translates to a price per square foot of $381.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $5,300,000
- Square Footage: 13,912
- Price per Square Foot: $381
- Address: 1901 Ponce De Leon Blvd
- Market: Miami
The buyer of the property is Pdl Coral LLC, while the seller is 1901 Silverback Investments LLC.
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
2.99%
Cash-on-Cash
-0.86%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93