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2150 Northwest Miami Court

Valerio Morabito Acquires Office In Miami From Seller Richard Shon For $14.6M
SOLDOffice

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.

Players

Juan Andres Nava

Metro 1 Commercial

Broker

$193.4M

vol

35 deals

Broker

Market 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

1.09%

Cash-on-Cash

-0.31%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93