SOLDOffice
Dan Azel's Andale Group Acquires Kendall Office Building From Elizabeth Delgado For $16.8M
8900 Southwest 107th Avenue, Miami, FL, USA
$16,800,000
$498/SF
Building Size
33,736 SF
Asset Type
Office
Closing
Oct 4, 2020
AI
Located in Kendall, the office property at 8900 Southwest 107th Avenue & 10700 Southwest 88th Street has been sold. The transaction took place on October 5, 2020. The property was acquired for a total price of $16,800,000.
Summary of transaction details
- Property Type: Office
- Transaction Amount: $16,800,000
- Market: Kendall
- Buyer: Dan Azel - Andale Group
- Seller: Elizabeth Delgado
Dan Azel of Andale Group represented the buyer in this deal, while Elizabeth Delgado served as the seller.
Players
Kendall 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
0.94%
Cash-on-Cash
-0.27%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93