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
About this deal
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
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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