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
About this deal
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.
On the Map
$5,200,000
$298/SF
Office
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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