Michael A. Comras And Steve Kalka Acquire Office Building In Miami For $5.7M
2734 Northwest 1st Avenue
$5,700,000
$505/SF
Building Size
11,286 SF
Asset Type
Office
Closing
Jul 16, 2026
About this deal
AI
An office building located at 2734 Northwest 1st Avenue in Miami has been sold for $5,700,000. This property, featuring a total square footage of 11,286, reflects a price per square foot of $505.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $5,700,000
- Buyer: Michael A. Comras & Steve Kalka
- Seller: Glenn Gilmore - Brick & Timber Collective
This transaction highlights the involvement of Michael A. Comras and Steve Kalka as buyers, with Glenn Gilmore representing Brick & Timber Collective as the seller in the deal.
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
2.78%
Cash-on-Cash
-0.80%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93