Ambrose Commercial Realty Group Represents Buyer In $11.65M Miami Lakes Office Sale
8181 Northwest 154th Street
$11,650,000
$194/SF
Building Size
59,973 SF
Asset Type
Office
Closing
Feb 5, 2024
AI
The office property located at 8181 Northwest 154th Street in Miami Lakes was recently sold for $11,650,000. The property spans 59,973 square feet, resulting in a price per square foot of $194. The transaction was facilitated by Michael Ambrose of Ambrose Commercial Realty Group representing the buyer, and Ricardo Du Pond of Fortune International Realty representing the seller.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $11,650,000
- Address: 8181 Northwest 154th Street
- Market: Miami Lakes
- Square Footage: 59,973
- Buyer's Rep: Michael Ambrose - Ambrose Commercial Realty Group
- Seller's Rep: Ricardo Du Pond - Fortune International Realty
The sale of the office property at 8181 Northwest 154th Street in Miami Lakes involved key individuals such as Michael Ambrose, who represented the buyer, and Ricardo Du Pond, who represented the seller. These professionals played crucial roles in facilitating the transaction, ensuring a successful deal for both parties 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
1.36%
Cash-on-Cash
-0.39%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93