Real Estate Sales Force Inc Acquires Office In Coral Way, Miami For $2.9M
2455 SW 27th Ave, Coral Way, Miami, FL, USA
$2,900,000
$279/SF
Building Size
10,394 SF
Asset Type
Office
Closing
May 5, 2021
About this deal
AI
The office building located at 2455 SW 27th Ave in Coral Way, Miami, has been sold in a recent transaction. The property, built in 1991, offers a total rentable square footage of 10,394. The sale price for this office asset was $2,900,000, with an asking price of $3,200,000. The gross rentable area measures 10,410 square feet and sits on a lot size of 10,838 square feet. The property also includes 21 parking spaces.
Summary of transaction details
- Property Type: Office
- Transaction Amount: $2,900,000
- Market: Coral Way, Miami
- Year Built: 1991
- Rentable Square Footage: 10,394
- Gross Rentable Area: 10,410 SF
- Lot Size: 10,838 SF
- Parking Spaces: 21
In this transaction, Sabrina Perez of Real Estate Sales Force Inc represented the buyer, while Giovanni Vasquez and Andros Sarduy of Synergy Realty Advisors represented the seller.
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
5.47%
Cash-on-Cash
-1.56%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93