facebook
Traded Co logo
Submit
Daily limit: 0/10

MVH-2103, LLC Purchases Office Property From Frank Micali For $13.5 Million In Miami

Property Image
SOLD
$13,500,000
Michael (Mike) Ciadella
Miguel Alcivar
+ 3

Florida

See Similar Deals
Office73,606 SF
Sold 12/11/2024
the dealplayerscompscontact
Property Image
SOLD

MVH-2103, LLC Purchases Office Property From Frank Micali For $13.5 Million In Miami

2103 Southwest 22nd Street

See Similar Deals
Office73,606 SF
Sold 12/11/2024
Michael (Mike) Ciadella
Miguel Alcivar
+ 3
Contact now

Summary

FLORIDA
Asset Type:Office
Price Per Square Foot:$183
Total Square Footage:73,606 SF
Transaction Type:Sale

The property asset involved in the transaction is located at 2103 Coral Way, Miami. This is an office and retail property totaling 73,606 square feet. The sale price of the property was $13,500,000, which translates to a price per square foot of $183.

Summary of transaction details:

Cushman & Wakefield was responsible for brokering the deal, representing both the seller and participating brokers. The transaction involved key individuals from the brokerage, with multiple brokers from Cushman & Wakefield involved in the representation of the seller, while the buyer was solely represented by Yovahnn Vinas from All Luxury Realty.

Players

Miguel Alcivar
39 deals$965.1M volume(305) 533-2871
BROKER

Dominic Montazemi
Cushman & Wakefield
90 deals$4.2B volume
BROKER

Scott O'Donnell
Cushman & Wakefield
32 deals$581M volume
BROKER

Michael (Mike) Ciadella
Cushman & Wakefield
34 deals$590M volume
BROKER

Gregory (Greg) Miller
Cushman & Wakefield
37 deals$852.1M volume(954) 377-0472
BROKER

Yovahnn Vinas
1 deal$13.5M volume(754) 354-4226
BROKER

Details

SOLD
IMAGE: Michael Ciadella, Miguel Alcivar, Dominic Montazemi, Gregory Miller & Scott O'Donnell DATE: 12/11/2024 ADDRESS: 2103 Coral Way MARKET: Miami ASSET TYPE: Office BUYER: MVH-2103, LLC SELLER: Frank Micali - Netz Coral Way, LLC BUYER'S REP: Yovahnn Vinas - All Luxury Realty SELLER'S REP: Dominic Montazemi (@DFMontazemi), Gregory Miller, Michael Ciadella (@MikeCiadella), Miguel Alcivar & Scott O'Donnell - Cushman & Wakefield (@CushWake) SALE PRICE: $13,500,000 SF: 73,606 ~ PPSF: $183 NOTE: Cushman & Wakefield brokered the $13.5 million sale of 21/22 Center, a 73,606-square-foot office and retail property on Coral Way in Miami. The seller, Netz Coral Way, LLC, was represented by Cushman & Wakefield, while MVH-2103, LLC, the buyer, was represented by Yovahnn Vinas of All Luxury Realty.

Stay in the Know

Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.

By subscribing, you agree to our Terms of Service and Privacy Policy.

Similar Deals

Contact

Get in touch with the broker you want

Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$720,000.00

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$47,962.65
Cash-on-Cash Return-1.27%
Monthly Debt Service$63,996.89
Annual Debt Service$767,962.65