Juan Puig Of Vital Imaging Centers Acquires Office Building From Blanca Padron For $3.325M In Homestead
600 North Homestead Boulevard
$3,325,000
$683/SF
Building Size
4,868 SF
Asset Type
Office
Closing
Jul 25, 2024
AI
The asset involved in this transaction is an office property located at 600 North Homestead Boulevard in the Homestead market. The sale price was $3,325,000, with a total square footage of 4,868 and a price per square foot of $683.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $3,325,000
- Buyer: Juan Puig - Vital Imaging Centers
- Seller: Blanca Padron - JJP Investors
- Buyer's Representative: Carlos M. Sotolongo - South Florida Properties, Inc
- Seller's Representative: Raquel Orellana - All American Realty, LLC
- Sale Date: 7/24/2024
- Note: This was the 3rd building Carlos M. Sotolongo has sold to Vital Imaging Centers.
The transaction was facilitated by Carlos M. Sotolongo representing Vital Imaging Centers, while Raquel Orellana represented the seller, JJP Investors. This deal highlights the continuing relationship between Sotolongo and Vital Imaging Centers, marking a significant achievement in their ongoing business interactions.
Players
Homestead 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
4.77%
Cash-on-Cash
-1.36%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93