The Ward Law Group Acquires Office Property In Miami Lakes For $21M
7900 Northwest 154th Street
$21,000,000
$270/SF
Building Size
77,713 SF
Asset Type
Office
Closing
Mar 17, 2023
About this deal
AI
The Ward Law Group has acquired an office property located at 7900 Northwest 154th Street in Miami Lakes. The property, measuring 77,713 square feet, was sold by The Kislak Organization for a total price of $21,000,000. The transaction was facilitated by Alexander Bernaldo, SIOR from Americas Commercial Real Estate.
Summary of transaction details
- Property Type: Office
- Transaction Amount: $21,000,000
- Square Footage: 77,713
- Price Per Square Foot: $270
- Address: 7900 Northwest 154th Street, Miami Lakes
- Buyer: The Ward Law Group
- Seller: The Kislak Organization
- Broker: Alexander Bernaldo, SIOR - Americas Commercial Real Estate
The acquisition of the office property by The Ward Law Group was successfully completed with the assistance of Alexander Bernaldo, a broker from Americas Commercial Real Estate. This transaction signifies The Ward Law Group's expansion or relocation within the Miami Lakes market.
On the Map
$21,000,000
$270/SF
Office
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Players
Market 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
0.76%
Cash-on-Cash
-0.22%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93