Ward Law Group Acquires Miami Lakes Office Building For $11.5M
6625 Miami Lakes Drive, Miami Lakes, FL, USA
$11,500,000
$218/SF
Building Size
52,745 SF
Asset Type
Office
Closing
Apr 13, 2020
About this deal
AI
Located at 6625 Miami Lakes Dr in Miami Lakes, this office property was recently sold in a closed transaction. The property spans a total of 52,745 square feet, offering ample space for various office activities. The sale price for this property was $11,500,000, resulting in a price per square foot of $218. The transaction took place on April 14, 2020.
Summary of transaction details
- Property Type: Office
- Transaction Amount: $11,500,000
- Square Footage: 52,745
- Price per Square Foot: $218
The buyer in this transaction was Ward Law Group, while the seller was Miami Lakes Commons LLC. Jany Martinez-Ward and Greg Ward were involved in the transaction as representatives for the buyer. Unfortunately, no additional information was provided about the transaction or the individuals and companies involved.
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
1.38%
Cash-on-Cash
-0.39%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93