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3132 Ponce De Leon Boulevar...

Javier Cervera Acquires Office Building In Miami For $3.2M
SOLDOffice

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

Javier Cervera

Buyer

$169.6M

vol

10 deals

Buyer

Coral Gables Office Market Snapshot

Boundary boundary · Office · Sale transactions

Loading comparables…

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