Antoine Copty Acquires Office Building In Miami For $2.3M
SOLD
$2,325,000
Florida
See Similar DealsOffice3 SF
SOLD
Antoine Copty Acquires Office Building In Miami For $2.3M
2885 Southwest 3rd Avenue, Miami, Florida 33129, United States
See Similar DealsOffice3 SF
Summary
FLORIDA
Asset Type:Office
Price Per Square Foot:$775,000
Total Square Footage:3 SF
Transaction Type:Sale
An office building located at 2885 SW 3rd Ave in Miami, FL has been sold for a total price of $2,325,000. The building spans across a total square footage of 3,760, resulting in a price per square foot of $618.
Summary of transaction details
- Property Type: Office Building
- Transaction Amount: $2,325,000
- Address: 2885 SW 3rd Ave, Miami, FL
- Market: Miami, FL
The buyer of the property is Antoine Copty, while the seller is Jose Cabrera. They completed the sale on November 14, 2022.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$124,000.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$8,260.23
Cash-on-Cash Return-1.27%
Monthly Debt Service$11,021.69
Annual Debt Service$132,260.23
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