Dan Azel's Andale Group Acquires Kendall Office Building From Elizabeth Delgado For $16.8M
SOLD
$16,800,000
Florida
See Similar DealsOffice33,736 SF
Sold 10/05/2020
SOLD
Dan Azel's Andale Group Acquires Kendall Office Building From Elizabeth Delgado For $16.8M
8900 Southwest 107th Avenue, Miami, FL, USA
See Similar DealsOffice33,736 SF
Sold 10/05/2020
Summary
FLORIDA
Asset Type:Office
Price Per Square Foot:$498
Total Square Footage:33,736 SF
Transaction Type:Sale
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.
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$895,999.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$59,686.86
Cash-on-Cash Return-1.27%
Monthly Debt Service$79,640.57
Annual Debt Service$955,686.85
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