SOLDOffice
Paola Paladini & Gonzalo Fernandez Purchase Miami Office/Industrial Property From Marcela Soto For $3M
3350 NW 21st St, Miami, FL, USA
$3,000,000
$1,758/SF
Building Size
1,706 SF
Asset Type
Office
Closing
Aug 25, 2021
About this deal
AI
A 1,706 square feet office/industrial property located at 3350 NW 21st St in Miami has been sold in a recent transaction. The property was sold for $3,000,000, resulting in a price per square foot of $1,759.
Summary of transaction details
- Property Type: Office/Industrial
- Transaction Amount: $3,000,000
- Buyer: Paola Paladini & Gonzalo Fernandez
- Seller: Marcela Soto
- Square Footage: 1,706
- Price Per Square Foot: $1,759
Paola Paladini & Gonzalo Fernandez were the buyers in this transaction, while Marcela Soto was the seller.
Players
Miami 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
5.29%
Cash-on-Cash
-1.51%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93