Chen Yuni Purchases Office Property In Coral Gables From Anais Badia For $3.35M
2344 Southwest 37th Avenue
$3,350,000
$846/SF
Building Size
3,958 SF
Asset Type
Office
Closing
Jul 24, 2024
AI
This office property, located at 2344 Southwest 37th Avenue in the Coral Gables market, has a sale price of $3,350,000 and covers an area of 3,958 square feet, giving a price per square foot of $846.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $3,350,000
- Buyer: Chen Yuni
- Seller: Anais Badia
- Broker: Andres Perez-Cervera - Compass
Andres Perez-Cervera represented both the buyer and seller in this off-market transaction. He invites inquiries regarding current off-market inventory for potential buyers.
Players
Miami 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
4.74%
Cash-on-Cash
-1.35%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93