Banesco USA Acquires Office Building In Doral For $11.95M From Windhaven Insurance Company
3155 Northwest 77th Avenue, Miami, FL, USA
$11,950,000
$202/SF
Building Size
59,140 SF
Asset Type
Office
Closing
Dec 3, 2020
About this deal
AI
Banesco USA, represented by Mario Oliva, has acquired an office asset in Doral. The property, located at 3155 Northwest 77th Avenue, was sold by Windhaven Insurance Company. The transaction was facilitated by Newmark.
Summary of transaction details
- Property Type: Office
- Transaction Amount: $11,950,000
The office asset spans a total area of 59,140 square feet, resulting in a price per square foot of $202.
The office sale at 3155 Northwest 77th Avenue, Miami, FL, USA in Miami, Florida sold for $12M in 2020. The building is 59,140 square feet, implying about 202 per square foot on the published price. This page is the Miami, Florida file for the 3155 Northwest 77th Avenue, Miami, FL, USA office sold: pricing, party profiles, and other closed office comps from the same Miami sit in the Market section below. Filter that Miami office set by closing date to see what else sold near 3155 Northwest 77th Avenue, Miami, FL, USA around 2020. Published consideration for 3155 Northwest 77th Avenue, Miami, FL, USA is $12M, dated 2020. Cite this Banesco USA Acquires Office Building In Doral For $11.95M From Windhaven Insurance Company sale when underwriting similar office product around Miami, Florida.
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.33%
Cash-on-Cash
-0.38%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93