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2901 Northwest 17th Avenue

Carlos Garcia Acquires Office In Miami From Jose Barrios For $5.6 Million
SOLDOffice

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

Edward Salazar

Horizon Properties

Broker

1 deal

Broker
Horizon Properties
Horizon PropertiesBrokerage

Carlos Garcia

Buyer

$81.4M

vol

4 deals

Buyer

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