Livwrk Sol Wynwood LLC Acquires Office Property In Miami For $13.9M
48 NW 25th St, Miami, FL, USA
$13,851,563
$616/SF
Building Size
22,462 SF
Asset Type
Office
Closing
Aug 4, 2021
About this deal
AI
The office property located at 48 NW 25th St in Miami has been sold in a closed transaction. The property spans across 22,462 square feet and was purchased by Livwrk Sol Wynwood LLC. The sale price for the property was $13,851,563, which translates to a price per square foot of $617.
Summary of transaction details
- Property Type: Office
- Transaction Amount: $13,851,563
- Square Footage: 22,462
- Address: 48 NW 25th St, Miami
- Buyer: Livwrk Sol Wynwood LLC
- Seller: Catherine DeFrancesco
Catherine DeFrancesco served as the seller in this transaction. Livwrk Sol Wynwood LLC, represented by their broker, successfully acquired the office property in Miami.
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
1.15%
Cash-on-Cash
-0.33%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93