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4001 Northwest 97th Avenue

Ricardo Ratia & Diomara Ratia Acquire Doral Office From DIA Health Properties
SOLDOffice

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

Alessandra Bavetta

RelatedISG International Realty

Broker

$36.5M

vol

3 deals

Broker

Doral 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

2.44%

Cash-on-Cash

-0.70%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93