Howard Roark Acquires Coconut Grove Office Building From Martin Schleifer For $3.1M
2915 Sw 27 Ave
$3,100,000
$322/SF
Building Size
9,627 SF
Asset Type
Office
Closing
Oct 2, 2023
About this deal
AI
Gridline Properties has facilitated the sale of an office property located at 2915 Southwest 27th Avenue in the Coconut Grove market. The transaction, which took place on October 2, 2023, involved a property with a total square footage of 9,627. The office was sold for a price of $3,100,000, resulting in a price per square foot of $322.
Summary of transaction details
- Property Type: Office
- Transaction Amount: $3,100,000
- Address: 2915 Southwest 27th Avenue
- Market: Coconut Grove
- Square Footage: 9,627
Howard Roark successfully acquired the office property from Martin Schleifer. The transaction was facilitated by Alfredo Riascos from Gridline Properties acting as the broker.
On the Map
$3,100,000
$322/SF
Office
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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
5.12%
Cash-on-Cash
-1.46%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93