Howard Roark Acquires Coconut Grove Office Building For $2.7M
SOLD
$2,700,000
Florida
See Similar DealsOffice7,820 SF
Sold 01/12/2024
SOLD
Howard Roark Acquires Coconut Grove Office Building For $2.7M
2921 Southwest 27th Avenue
See Similar DealsOffice7,820 SF
Sold 01/12/2024
Summary
FLORIDA
Asset Type:Office
Price Per Square Foot:$345
Total Square Footage:7,820 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$144,000.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$9,592.53
Cash-on-Cash Return-1.27%
Monthly Debt Service$12,799.38
Annual Debt Service$153,592.53
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