2020 Northeast 163rd Street Office In North Miami Beach Sold For $6M With Marcus & Millichap As Representative
2020 Northeast 163rd Street, North Miami Beach, FL, USA
$6,000,000
$192/SF
Building Size
31,145 SF
Asset Type
Office
Closing
Jan 13, 2020
About this deal
AI
Alex Zylberglait captured an image of the office building located at 2020 Northeast 163rd Street in North Miami Beach. This office asset was recently sold in a closed transaction.
Summary of transaction details
- Property Type: Office
- Date: 01/14/2020
- Address: 2020 Northeast 163rd Street
- Market: North Miami Beach
The buyer, 2020 Office Nmb LLC, represented by Ezequiel Schmuckler, purchased the property from the seller, Office 2020 LLC, represented by Alejandro Araujo. The transaction was facilitated by Marcus & Millichap, with Alex Zylberglait serving as the broker.
The property was sold for $6,000,000, with a total area of 31,145 square feet. This results in a price per square foot of $192.
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
2.64%
Cash-on-Cash
-0.76%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93