Raul Medina Acquires Office Building In Miami For $3 Million
SOLD
$3,000,000
Florida
See Similar DealsOffice4 SF
Sold 09/12/2022
SOLD
Raul Medina Acquires Office Building In Miami For $3 Million
7325 Southwest 40th Street, Miami, Florida 33155, United States
See Similar DealsOffice4 SF
Sold 09/12/2022
Summary
FLORIDA
Asset Type:Office
Price Per Square Foot:$750,000
Total Square Footage:4 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$160,000.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$10,658.36
Cash-on-Cash Return-1.27%
Monthly Debt Service$14,221.53
Annual Debt Service$170,658.37
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