Julio Robaina Acquires Office Building In Doral For $4.25M
SOLD
$4,250,000
Florida
See Similar DealsOffice15,500 SF
Sold 05/17/2022
SOLD
Julio Robaina Acquires Office Building In Doral For $4.25M
2900 NW 109th Ave, Doral, Florida 33172, United States
See Similar DealsOffice15,500 SF
Sold 05/17/2022
Summary
FLORIDA
Asset Type:Office
Price Per Square Foot:$274
Total Square Footage:15,500 SF
Transaction Type:Sale
An office property located at 2900 NW 109th Ave in Doral has been sold in a closed transaction. The property spans a total of 15,500 square feet and is situated in the Doral market in Miami, Florida. The sale took place on May 17, 2022.
Summary of transaction details
- Property Type: Office
- Transaction Amount: $4,250,000
- Asking Price: $4,250,000
- Sale Price per Square Foot: $274
The buyer in this transaction is Julio Robaina, while the seller is Tailleen Arias. The deal was facilitated by two brokers, Frank Trelles from State Street Realty and Andres Asion from Miami Real Estate Group.
Players
BROKERAGE
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$226,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$15,099.35
Cash-on-Cash Return-1.27%
Monthly Debt Service$20,147.17
Annual Debt Service$241,766.02
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