Ricardo Ratia & Diomara Ratia Acquire Doral Office From DIA Health Properties
4001 Northwest 97th Avenue
$6,500,000
$386/SF
Building Size
16,800 SF
Asset Type
Office
Closing
Mar 11, 2024
AI
The office property located at 4001 Northwest 97th Avenue in Doral was recently sold in a transaction. The sale involved a total of 16,800 square feet of space, with a sale price of $6,500,000, resulting in a price per square foot of $387. The parties involved in the transaction were the buyers, Ricardo Ratia & Diomara Ratia representing Ratia Business Centre, and the seller, DIA Health Properties represented by Paul Ortega.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $6,500,000
- Address: 4001 Northwest 97th Avenue
- Market: Doral
- Buyer: Ricardo Ratia & Diomara Ratia - Ratia Business Centre
- Seller: DIA Health Properties - Paul Ortega
The transaction was facilitated by brokers Alessandra Bavetta and Kamila Ratia. No additional information was provided about the specific roles of the brokers in the deal.
Players
Doral 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
2.44%
Cash-on-Cash
-0.70%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93