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2455 SW 27th Ave, Coral Way...

Real Estate Sales Force Inc Acquires Office In Coral Way, Miami For $2.9M
SOLDOffice

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

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

Andros Sarduy

Synergy Realty Advisors

Broker

$79.6M

vol

17 deals

Broker

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