Dr. Hadi Yaziji Acquires Office Building In Little Havana For $2.2M
2100 West Flagler Street, Miami, Florida 33135, United States
$2,200,000
$231/SF
Building Size
9,500 SF
Asset Type
Office
Closing
Mar 17, 2022
About this deal
AI
Located in the vibrant market of Little Havana, this office property at 2100 W Flagler St has recently changed hands in a closed transaction. The sale was finalized on March 18, 2022, making it a noteworthy transaction in the area. With a total size of 9,500 square feet, this office space offers ample room for various business operations.
Summary of transation details
- Property Type: Office
- Transaction Amount: $2,200,000
- Address: 2100 W Flagler St
- Market: Little Havana
Dr. Hadi Yaziji, a buyer in the transaction, has acquired this well-positioned office property. Represented by Lissette Gonzalez, Dr. Yaziji was able to secure a favorable deal in the market. On the other side of the transaction, Cesar Melgoza, the seller, entrusted the sale to Alessandro Lima and Carlos Fausto Miranda of Fausto Commercial.
With an initial asking price of $2,250,000, the property eventually sold for $2,200,000, indicating a successful negotiation. The sale price translates to a price per square foot of $232, reflecting the value of this office space in Little Havana's market.
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
7.21%
Cash-on-Cash
-2.06%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93