Annette Iraola Acquires $4.25M Office Building In Miami, FL
2900 Southwest 109th Avenue, Miami, Florida 33165, United States
$4,250,000
$274/SF
Building Size
15,505 SF
Asset Type
Office
Closing
May 19, 2022
About this deal
AI
An office building located at 2900 NW 109th Ave in Miami, FL has been sold for a price of $4,250,000. The building has a total square footage of 15,505, resulting in a price per square foot of $274.
Summary of transaction details
- Property Type: Office Building
- Transaction Amount: $4,250,000
- Address: 2900 NW 109th Ave, Miami, FL
- Market: Miami, FL
- Square Footage: 15,505
- Price per Square Foot: $274
Annette Iraola has acquired the office building from Taileen Arias.
The office sale at 2900 Southwest 109th Avenue, Miami, Florida 33165, United States in Miami, Florida sold for $4.3M in 2022. The building is 15,505 square feet, implying about 274 per square foot on the published price. This page is the Miami, Florida file for the 2900 Southwest 109th Avenue, Miami, Florida 33165, United States office sold: pricing, party profiles, and other closed office comps from the same Miami sit in the Market section below. Filter that Miami office set by closing date to see what else sold near 2900 Southwest 109th Avenue, Miami, Florida 33165, United States around 2022. Published consideration for 2900 Southwest 109th Avenue, Miami, Florida 33165, United States is $4.3M, dated 2022. Cite this Annette Iraola Acquires $4.25M Office Building In Miami, FL sale when underwriting similar office product around Miami, Florida.
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
3.73%
Cash-on-Cash
-1.07%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93