Alexander Havenick Acquires Office Building At 866 Ponce DE Leon Blvd In Miami, FL For $7.4M
866 Ponce De Leon Boulevard, Miami, Florida 33134, United States
$7,462,250
$510/SF
Building Size
14,622 SF
Asset Type
Office
Closing
Jun 14, 2022
About this deal
AI
An office building located at 866 Ponce De Leon Blvd in Miami, FL was recently sold in a closed transaction. The property, with a total square footage of 14,622, was purchased by Alexander Havenick from the seller, Lourdes Leon, for a price of $7,462,250. The price per square foot for the transaction was $510.
Summary of transation details
- Property Type: Office Building
- Transaction Amount: $7,462,250
- Address: 866 Ponce De Leon Blvd, Miami, FL
- Market: Miami, FL
Alexander Havenick served as the buyer in this deal, while Lourdes Leon acted as the seller. The transaction showcases the active real estate market in Miami and highlights the demand for office buildings in the area.
Players
Coral Gables Office Market Snapshot
Boundary boundary · Office · Sale transactions
Loading comparables…
Deal FAQ
Browse Coral Gables office sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.13%
Cash-on-Cash
-0.61%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93