SOLDOffice
Alphatur LLC Purchases Office Building From Ocean Coral Way Inc For $5.2M In Miami
Southwest 22nd Street
$5,200,000
$298/SF
Building Size
17,450 SF
Asset Type
Office
Closing
Aug 26, 2024
AI
An office building located at 2150 Coral Way in Miami was sold for $5,200,000. The asset spans 17,450 square feet, resulting in a price per square foot of $298.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $5,200,000
- Address: 2150 Coral Way
- Market: Miami
- SF: 17,450
- PPSF: $298
- Buyer: Alphatur LLC
- Seller: Ocean Coral Way Inc
- Brokers: Craig Merlin & Jeremy S. Larkin - NAI Miami | Fort Lauderdale
Jeremy Larkin and Craig Merlin were the brokers representing the seller, Ocean Coral Way Inc., while Alphatur LLC completed the purchase of the property.
Players
Shenandoah 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
3.05%
Cash-on-Cash
-0.87%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93