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2161 Northwest 97th Avenue

Keyes Company Brokers Sell Office Building In Doral For $4.7M
SOLDOffice

Keyes Company Brokers Sell Office Building In Doral For $4.7M

2161 Northwest 97th Avenue

$4,700,000

$830/SF

Building Size

5,658 SF

Asset Type

Office

Closing

Apr 14, 2023

AI

Located at 2161 Northwest 97th Avenue in the bustling market of Doral, this office space was recently sold in a transaction handled by brokers Tony Ulloa and Marcos Macías from The Keyes Company. The property spans 5,658 square feet and was sold for a price of $4,700,000, resulting in a price per square foot of $831.

Summary of Transaction Details

  • Property Type: Office
  • Transaction Amount: $4,700,000
  • Square Footage: 5,658
  • Price per Square Foot: $831

In this transaction, seller John Garcia enlisted the expertise of Tony Ulloa and Marcos Macías from The Keyes Company to facilitate the successful sale of the office property in Doral. The involvement of these experienced brokers added value to the deal and ensured a smooth transaction for all parties involved.

Players

Tony Ulloa

The Keyes Company

Broker

$79.2M

vol

9 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

3.38%

Cash-on-Cash

-0.96%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93