Marcus & Millichap Sells Little Havana Medical Office For $5M
3383 Northwest 7th Street, Miami, FL 33125
$5,000,000
$221/SF
Building Size
22,609 SF
Asset Type
Office
Closing
Dec 16, 2021
About this deal
AI
A medical office in Little Havana has been sold for $5,000,000. The property, located at 3383 NW 7th, spans 22,609 square feet, resulting in a price per square foot of $221. The sale was facilitated by broker Alex D. Zylberglait from Marcus & Millichap.
Summary of transaction details
- Property Type: Medical Office
- Sale Price: $5,000,000
- Square Footage: 22,609
- Price Per Square Foot: $221
- Address: 3383 NW 7th
- Market: Little Havana
Alex D. Zylberglait from Marcus & Millichap was the broker representing the parties involved in this medical office transaction in Little Havana.
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
3.17%
Cash-on-Cash
-0.91%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93