Adar Investments & Management LLC Acquires Office Property From Damian Narvaez For $3.85M In Miami
5800 Nw 7th Ave
$3,850,000
Building Size
—
Asset Type
Office
Closing
May 22, 2019
About this deal
AI
The property involved in this transaction is an office building located at 5800 Nw 7th Ave in Miami. The sale price for the asset was $3,850,000.00. This office property was sold on May 22, 2019.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $3,850,000.00
- Buyer: Adar Investments & Management LLC
- Seller: Damian Narvaez
- Broker: Tony Arellano - DWNTWN Realty Advisors
- Transaction Date: 05/22/2019
- Address: 5800 Nw 7th Ave
- Market: Miami
This transaction involved key individuals and entities, including the buyer, Adar Investments & Management LLC, and the seller, Damian Narvaez. The brokerage representation was provided by Tony Arellano from DWNTWN Realty Advisors, playing a pivotal role in facilitating this deal.
On the Map
$3,850,000
Office
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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
4.12%
Cash-on-Cash
-1.18%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93