Center Academy Purchases Office Building At 4136 N Miami Ave From MV Group USA For $10.1M
SOLD
$10,100,000
Florida
See Similar DealsOffice
Sold 07/02/2018
SOLD
Center Academy Purchases Office Building At 4136 N Miami Ave From MV Group USA For $10.1M
4136 N Miami Ave
See Similar DealsOffice
Sold 07/02/2018
Summary
FLORIDA
Asset Type:Office
Transaction Type:Sale
The asset involved in this transaction is an office property located at 4136 N Miami Ave in Miami. It was sold for a total of $10,100,000.00.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $10,100,000.00
- Buyer: Center Academy
- Seller: MV Group USA
- Brokers: Tony Arellano, DWNTWN Realty Advisors
- Sale Date: 07/02/2018
This transaction features Center Academy as the buyer and MV Group USA as the seller. The deal was facilitated by broker Tony Arellano from DWNTWN Realty Advisors, indicating the involvement of professional representation in this closed property transaction.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$538,666.68
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$35,883.15
Cash-on-Cash Return-1.27%
Monthly Debt Service$47,879.15
Annual Debt Service$574,549.83
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