Raul Medina Acquires Office Building In Miami For $3 Million
7325 Southwest 40th Street, Miami, Florida 33155, United States
$3,000,000
$750,000/SF
Building Size
4 SF
Asset Type
Office
Closing
Sep 12, 2022
AI
An office building located at 7325 Sw 40th St in Miami, FL, has been sold in a transaction that took place on December 9, 2022. The property spans 4,179 square feet and was sold for a price of $3,000,000, resulting in a price per square foot of $717.
Summary of transaction details
- Property Type: Office Building
- Transaction Amount: $3,000,000
- Address: 7325 Sw 40th St, Miami, FL
- Market: Miami, FL
- Buyer: Raul Medina
- Seller: Jose E Siman
Raul Medina was the buyer in this transaction, while Jose E Siman acted as the seller.
Players
Miami 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