Michael Osman Acquires Miami Lakes Office Building For $3M
5803 Northwest 151st Street
$3,000,000
$225/SF
Building Size
13,336 SF
Asset Type
Office
Closing
Sep 14, 2022
About this deal
AI
The office property located at 5803 NW 151 St in Miami Lakes has been sold in a recent transaction. The property spans 13,336 square feet and was sold for a total price of $3,000,000, resulting in a price per square foot of $225. The sale was completed on 09/14/2022.
Summary of transaction details
- Property Type: Office
- Transaction Amount: $3,000,000
- Square Footage: 13,336
- Price per Square Foot: $225
- Address: 5803 NW 151 St, Miami Lakes
- Market: Miami Lakes
The buyer of the property is Michael Osman, while the seller is Joseph Dum. The deal was facilitated by Fabio Faerman, Sebastian Faerman, and Eduardo Citcioglu, who represented both the buyer and the seller through their agency, FA Commercial.
Players
Miami Lakes 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
5.29%
Cash-on-Cash
-1.51%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93