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
About this deal
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.
On the Map
$4,800,000
$282/SF
Office
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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