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Key West Dental Management Group Acquires Dental Office From Brickell Dental Care For $1.3M

Property Image
SOLD
$1,300,000

Florida

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Office1,000 SF
Sold 08/21/2024
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Property Image
SOLD

Key West Dental Management Group Acquires Dental Office From Brickell Dental Care For $1.3M

65 Southeast 9th Street

See Similar Deals
Office1,000 SF
Sold 08/21/2024
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Summary

FLORIDA
Asset Type:Office
Price Per Square Foot:$1,300
Total Square Footage:1,000 SF
Transaction Type:Sale

The asset involved in the transaction is a dental office located at 65 Southeast 9th Street in the Miami market. The property was sold for $1,300,000, featuring a total square footage of 1,000, resulting in a price per square foot of $1,300.

Summary of transaction details:

  • Property Type: Dental Office
  • Transaction Amount: $1,300,000
  • Address: 65 Southeast 9th Street
  • Market: Miami
  • Square Footage: 1,000
  • Price per Square Foot: $1,300
  • Buyer: Key West Dental Management Group
  • Seller: Brickell Dental Care
  • Buyer's Representative: Benny Fernandez - Keller Williams Portfolio Collection

The transaction highlights the involvement of Benny Fernandez, representing Key West Dental Management Group in this deal, which concludes a direct transaction between the buyer and seller, showcasing the activity in the dental office segment of the real estate market.

Players

Benny Fernandez
2 deals$4.2M volume(305) 813-6739
BROKER

Details

SOLD
IMAGE: Benny Fernandez DATE: 08/21/2024 ADDRESS: 65 Southeast 9th Street MARKET: Miami ASSET TYPE: Dental Office BUYER: Key West Dental Management Group SELLER: Brickell Dental Care BUYER'S REP: Benny Fernandez (@_BennyFernandez) - Keller Williams Portfolio Collection (@KWPortfolioCollection) SALE PRICE: $1,300,000 SF: 1,000 ~ PPSF: $1,300

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Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$69,333.32

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$4,618.64
Cash-on-Cash Return-1.27%
Monthly Debt Service$6,162.66
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