EPNEVMA Enterprises Acquires Office In Dadeland, Miami For $3.2M
950 SW 74th Court & 8950 Southwest 74th Court, Miami, Florida 33156, United States
$3,200,000
$493/SF
Building Size
5,536 SF
Asset Type
Office
Closing
Oct 26, 2022
About this deal
AI
Located in Dadeland, Miami, this office property at 8950 SW 74th Court, Suites 1408-1411 in Town Center One was recently sold in a transaction handled by Avison Young. The property spans 5,536 square feet and was acquired by EPNEVMA Enterprises for a total of $3,200,000, resulting in a price per square foot of $578.
Summary of transaction details
- Property Type: Office
- Transaction Amount: $3,200,000
- Address: 8950 SW 74th Court, Suites 1408-1411 - Town Center One
- Market: Dadeland, Miami
EPNEVMA Enterprises, represented by Move Miami, purchased the property from Rabel Real Estate Inc., represented by Joe Abood and Peyton Dawd of Avison Young. The deal was finalized on October 26, 2022, with Victor A Ruiz serving as the buyer's representative.
Players
Miami 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
4.96%
Cash-on-Cash
-1.42%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93