Luis E Farjardo & Ric E Arcadi Acquire Miami Office Building From Ali Hussein Jaafar For $4.5M
2390 NW 7th St, Miami, Florida 33125, United States
$4,525,000
Building Size
—
Asset Type
Office
Closing
Oct 30, 2022
About this deal
AI
An office building located at 2390 NW 7th St & 2380 NW 7th St in Miami, FL has been sold in a recent transaction. The property was sold for a price of $4,525,000.
Summary of transaction details
- Property Type: Office Building
- Transaction Amount: $4,525,000
The buyer of the property is Luis E Farjardo & Ric E Arcadi, while the seller is Ali Hussein Jaafar.
The office sale at 2390 NW 7th St, Miami, Florida 33125, United States in Miami, Florida sold for $4.5M in 2022. 2390 NW 7th St, Miami, Florida 33125, United States is classified as Office on Traded. This page is the Miami, Florida file for the 2390 NW 7th St, Miami, Florida 33125, United States office sold: pricing, party profiles, and other closed office comps from the same Miami sit in the Market section below. Filter that Miami office set by closing date to see what else sold near 2390 NW 7th St, Miami, Florida 33125, United States around 2022. Published consideration for 2390 NW 7th St, Miami, Florida 33125, United States is $4.5M, dated 2022. Cite this Luis E Farjardo & Ric E Arcadi Acquire Miami Office Building From Ali Hussein Jaafar For $4.5M sale when underwriting similar office product around Miami, Florida.
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Miami Office Market Snapshot
Boundary boundary · Office · Sale transactions
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Deal FAQ
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
3.51%
Cash-on-Cash
-1.00%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93