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600 North Homestead Boulevard

Juan Puig Of Vital Imaging Centers Acquires Office Building From Blanca Padron For $3.325M In Homestead
SOLDOffice

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

Carlos M. Sotolongo

South Florida Properties

Broker

$29.3M

vol

11 deals

Broker

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