Javier Cervera Acquires Office Building In Miami For $3.2M
3132 Ponce De Leon Boulevard, Miami, Florida 33134, United States
$3,200,000
$927/SF
Building Size
3,450 SF
Asset Type
Office
Closing
Jul 27, 2022
About this deal
AI
The office building located at 3132 Ponce DE Leon Blvd in Miami, FL has been sold in a transaction that took place on July 28, 2022. The property spans across 3,450 square feet and was sold for a price of $3,200,000, resulting in a price per square foot of $927.
Summary of transaction details
- Property Type: Office Building
- Transaction Amount: $3,200,000
- Price per Square Foot: $927
- Address: 3132 Ponce DE Leon Blvd, Miami, FL
Javier Cervera was the buyer of the property, while David M Dolinger and Myrna Wheatman acted as the sellers. The transaction was executed without the involvement of any brokers or representatives.
On the Map
$3,200,000
$927/SF
Office
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Coral Gables 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
4.96%
Cash-on-Cash
-1.42%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93