Wellmeaning Investments Acquires Office Building In Miami For $18.75M
SOLD
$18,750,000
Florida
See Similar DealsOffice33,000 SF
Sold 05/16/2022
SOLD
Wellmeaning Investments Acquires Office Building In Miami For $18.75M
89 Northeast 27th Street, Miami, Florida 33137, United States
See Similar DealsOffice33,000 SF
Sold 05/16/2022
Summary
FLORIDA
Asset Type:Office
Price Per Square Foot:$568
Total Square Footage:33,000 SF
Transaction Type:Sale
The office building located at 89 NE 27th St in Miami has been sold in a recent transaction. The property spans approximately 33,000 square feet and is situated in a prime location in the market.
Summary of transaction details
- Property Type: Office
- Transaction Amount: $18,750,000
- Sale Price per Square Foot: $568
- Buyer: Wellmeaning Investments - Eduardo Pelaez
- Seller: Block Capital Group
- Broker: Leslie Cooper, Compass
Eduardo Pelaez, representing Wellmeaning Investments, acquired the property. The seller in this transaction was Block Capital Group. The deal was facilitated by the broker, Leslie Cooper from Compass.
Players
Details
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Similar Deals
Contact
Get in touch with the broker you want
Similar Buyers
Unlock All Profiles
Upgrade to Traded Pro for full access to every deal, profile & market insight.Unlimited deal views
Access investor profiles & contacts
Exclusive comps & market data
Go Pro
Similar Brokers
Search Address Tool
Enter any address to instantly view nearby comps, investors, brokers, lenders, and a visual map.NEW!
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$1,000,000.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$66,614.78
Cash-on-Cash Return-1.27%
Monthly Debt Service$88,884.57
Annual Debt Service$1,066,614.79
Is there something missing? Send suggestions