SOLDOffice
Robert Danial Acquires Office Asset From Avra Jain For $10 Million In Miami
7900 7924 Ne 2nd Ave
$10,000,000
Building Size
—
Asset Type
Office
Closing
Nov 11, 2016
AI
The property asset involved in this transaction is an office located at 7900 7924 Ne 2nd Ave in the Miami market. The transaction was finalized at a price of $10,000,000.00.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $10,000,000.00
- Buyer: Robert Danial
- Seller: Avra Jain
- Brokers: Tony Arellano, DWNTWN Realty Advisors
- Sale Date: 11/11/2016
In this particular deal, Robert Danial acquired the property from seller Avra Jain, with Tony Arellano of DWNTWN Realty Advisors representing the broker in this transaction.
Players
Miami Office Market Snapshot
Boundary boundary · Office · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.59%
Cash-on-Cash
-0.45%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93