Valerio Morabito Acquires Office In Miami From Seller Richard Shon For $14.6M
2150 Northwest Miami Court
$14,600,000
$619/SF
Building Size
23,580 SF
Asset Type
Office
Closing
May 29, 2024
AI
The property involved in the transaction is an office located at 2150 Northwest Miami Court in Miami, FL. The asset spans 23,580 square feet and was sold for $14,600,000, equating to $619 per square foot.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $14,600,000
- Buyer: Valerio Morabito
- Seller: Richard Shon
- Broker: Juan Andres Nava - Metro 1 Commercial
Valerio Morabito acted as the buyer in this transaction, acquiring the office property from Richard Shon. Facilitating the deal was Juan Andres Nava from Metro 1 Commercial, who represented the parties involved in the sale.
Market Office Market Snapshot
Boundary boundary · Office · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.09%
Cash-on-Cash
-0.31%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93