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
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.
Players
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