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
About this deal
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.
The office sale at 8900 Southwest 107th Avenue, Miami, FL, USA in Kendall, Florida sold for $16.8M in 2020. The building is 33,736 square feet, implying about 498 per square foot on the published price. Named participants on the 8900 Southwest 107th Avenue, Miami, FL, USA sale are Dan Azel. This page is the Kendall, Florida file for the 8900 Southwest 107th Avenue, Miami, FL, USA office sold: pricing, party profiles, and other closed office comps from the same Kendall sit in the Market section below. Filter that Kendall office set by closing date to see what else sold near 8900 Southwest 107th Avenue, Miami, FL, USA around 2020. Published consideration for 8900 Southwest 107th Avenue, Miami, FL, USA is $16.8M, dated 2020. Cite this Dan Azel's Andale Group Acquires Kendall Office Building From Elizabeth Delgado For $16.8M sale when underwriting similar office product around Kendall, Florida.
Players
Kendall Office Market Snapshot
Boundary boundary · Office · Sale transactions
Loading comparables…
Deal FAQ
Visit Dan Azel to view all their deals.
Browse Kendall office sales on Traded.
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