Margarita & Alejandro Pasos Acquire Office Property In Miami For $4.6M With Buyer’s Rep Roberto Pereira
SOLD
$4,600,000
Florida
See Similar DealsOffice7,134 SF
Sold 04/18/2025
SOLD
Margarita & Alejandro Pasos Acquire Office Property In Miami For $4.6M With Buyer’s Rep Roberto Pereira
3001 Southwest 28th Lane
See Similar DealsOffice7,134 SF
Sold 04/18/2025
Summary
FLORIDA
Asset Type:Office
Price Per Square Foot:$644
Total Square Footage:7,134 SF
Transaction Type:Sale
The property involved in this transaction is an office asset located at 3001 Southwest 28th Lane in Miami. The sale price was set at $4,600,000 for a total of 7,134 square feet, resulting in a price per square foot of $644. This transaction reflects a historic price per square foot in the current market.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $4,600,000
- Address: 3001 Southwest 28th Lane
- Market: Miami
- Buyer: Margarita & Alejandro Pasos
- Seller: Francisco Ricote
- Buyer's Representative: Roberto Pereira - Remax Advance Realty II
- Seller's Representatives: Adriano Salucci & Alexander Reyes - APEX Capital Realty
- Attorney: David Djebelli - Law Offices of David Djebelli, P.A
- Square Footage: 7,134
- Price per Square Foot: $644
Roberto Pereira represented the buyers in this transaction, while Adriano Salucci and Alexander Reyes represented the seller. The involvement of David Djebelli as the attorney provided legal support throughout the transaction process.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$245,333.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$16,342.84
Cash-on-Cash Return-1.27%
Monthly Debt Service$21,806.35
Annual Debt Service$261,676.16
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