Carlos Garcia Acquires Office In Miami From Jose Barrios For $5.6 Million
2901 Northwest 17th Avenue
$5,600,000
$458/SF
Building Size
12,224 SF
Asset Type
Office
Closing
Jan 6, 2026
AI
The asset involved in the transaction is an office property located at 2901 Northwest 17th Avenue in the Miami market. The sale price of the property is $5,600,000, with a total area of 12,224 square feet, resulting in a price per square foot of $458.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $5,600,000
- Buyer: Carlos Garcia
- Seller: Jose Barrios
- Broker: Edward Salazar - Horizon Properties
The transaction features Carlos Garcia as the buyer and Jose Barrios as the seller, with Edward Salazar representing Horizon Properties in the deal. Key individuals and their companies played a significant role in facilitating the transaction successfully.
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
2.83%
Cash-on-Cash
-0.81%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93