Roman K. Jones Acquires $20M Office Building In Miami, FL
528 Northwest 7th Avenue, Miami, Florida 33136, United States
$20,000,000
$679/SF
Building Size
29,420 SF
Asset Type
Office
Closing
Apr 20, 2022
AI
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
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
0.79%
Cash-on-Cash
-0.23%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93