Rodolfo Rodriguez-Duret Acquires Office Building In Miami, FL For $3.3M
434 SW 12th Ave, Miami, Florida, USA
$3,300,000
$143/SF
Building Size
22,975 SF
Asset Type
Office
Closing
Oct 26, 2021
About this deal
AI
A 22,975 square foot office building located at 434 SW 12th Ave in Miami, FL was recently sold in a transaction that took place on October 27, 2021. The property was purchased by Rodolfo Rodriguez-Duret from the seller, Alfredo Gonzalez, for a price of $3,300,000. The sale price translates to a price per square foot of $144.
Summary of transaction details
- Property Type: Office Building
- Transaction Amount: $3,300,000
- Square Footage: 22,975
- Address: 434 SW 12th Ave, Miami, FL
- Market: Miami, FL
Rodolfo Rodriguez-Duret acted as the buyer in this transaction, while Alfredo Gonzalez played the role of the seller. The deal was successfully closed, facilitating the transfer of ownership for the office building.
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
4.81%
Cash-on-Cash
-1.37%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93