Howard Roark Acquires Coconut Grove Office Building For $2.7M
2921 Southwest 27th Avenue
$2,700,000
$345/SF
Building Size
7,820 SF
Asset Type
Office
Closing
Jan 12, 2024
AI
An office property located at 2921 Southwest 27th Avenue in Coconut Grove has been sold for $2,700,000. The property spans 7,820 square feet, resulting in a price per square foot of $345. The transaction took place on January 12, 2024.
Summary of transaction details
- Property Type: Office
- Transaction Amount: $2,700,000
- Square Footage: 7,820
- Price per Square Foot: $345
- Address: 2921 Southwest 27th Avenue
- Market: Coconut Grove
Howard Roark purchased the office property from Mark Kamilar. The sale was facilitated by Alfredo Riascos from Gridline Properties.
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
5.88%
Cash-on-Cash
-1.68%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93