Roman K. Jones Acquires $20M Office Building In Miami, FL
SOLD
$20,000,000
Florida
See Similar DealsOffice29,420 SF
Sold 04/21/2022
SOLD
Roman K. Jones Acquires $20M Office Building In Miami, FL
528 Northwest 7th Avenue, Miami, Florida 33136, United States
See Similar DealsOffice29,420 SF
Sold 04/21/2022
Summary
FLORIDA
Asset Type:Office
Price Per Square Foot:$679
Total Square Footage:29,420 SF
Transaction Type:Sale
The office building located at 528 NW 7th Ave in Miami, FL has been sold. The transaction took place on April 21, 2022, with Roman K. Jones as the buyer and Ivan A. Herrera as the seller. The property spans a total of 29,420 square feet and was sold for a price of $20,000,000, resulting in a price per square foot of $679.
Summary of transaction details:
- Property Type: Office Building
- Transaction Amount: $20,000,000
- Square Footage: 29,420
- Price per Square Foot: $679
- Address: 528 NW 7th Ave, Miami, FL
- Market: Miami, FL
The buyer in this transaction, Roman K. Jones, completed the purchase through their representative at the undisclosed agency. Ivan A. Herrera acted as the seller in the deal.
Players
Details
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Similar Deals
Contact
Get in touch with the broker you want
Similar Buyers
Unlock All Profiles
Upgrade to Traded Pro for full access to every deal, profile & market insight.Unlimited deal views
Access investor profiles & contacts
Exclusive comps & market data
Go Pro
Similar Brokers
Search Address Tool
Enter any address to instantly view nearby comps, investors, brokers, lenders, and a visual map.NEW!
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$1,066,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$71,055.77
Cash-on-Cash Return-1.27%
Monthly Debt Service$94,810.20
Annual Debt Service$1,137,722.44
Is there something missing? Send suggestions