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2650 Southwest 27th Avenue

Ronald Bailey Acquires Office Building From Aaron Kurlansky For $4.8M In Miami
SOLDOffice

Ronald Bailey Acquires Office Building From Aaron Kurlansky For $4.8M In Miami

2650 Southwest 27th Avenue

$4,800,000

$282/SF

Building Size

17,000 SF

Asset Type

Office

Closing

Aug 5, 2024

AI

The property asset involved in this transaction is an office located at 2650 Southwest 27th Avenue in Miami. The sale price for this asset was $4,800,000, encompassing a total square footage of 17,000, with a price per square foot of $282.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: $4,800,000
  • Address: 2650 Southwest 27th Avenue
  • Market: Miami
  • Square Footage: 17,000
  • Price Per Square Foot: $282
  • Buyer: Ronald Bailey
  • Seller: Aaron Kurlansky
  • Seller's Representative: Shelly Poston - Gridline Properties

This transaction highlights the key individuals involved, including buyer Ronald Bailey and seller Aaron Kurlansky. The seller's representative for this deal was Shelly Poston from Gridline Properties, facilitating the transaction on behalf of the seller.

Players

Shelly Poston

Gridline Properties

Broker

$58.9M

vol

15 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

3.30%

Cash-on-Cash

-0.94%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93