Javelin Investors Acquires Office Building In Miami For $7.8M
2401 Douglas Road, Miami, FL, USA
$7,800,000
$535/SF
Building Size
14,556 SF
Asset Type
Office
Closing
Sep 22, 2021
AI
The office property located at 2401 Douglas Road in Miami has been sold for a price of $7,800,000. The property spans a total area of 0.6 acres. It offers a spacious interior with a total square footage of 14,556, resulting in a price per square foot of $536.
Summary of transation details
- Property Type: Office
- Transaction Amount: $7,800,000
- Address: 2401 Douglas Road, Miami
- Market: Miami
- Total Acres: 0.6
The buyer in this transaction is Javelin Investors. They were represented by Renier Casanova from Compass. The seller, Fortune International Realty, was represented by Walter Defortuna and Edgardo Defortuna. Cesar Molina from Fortune International Realty served as the seller's representative.
Players
Miami Office Market Snapshot
Boundary boundary · Office · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.03%
Cash-on-Cash
-0.58%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93