SOLDOffice
Alfredo Riascos, Barrett Wolf & Carol Vergel Secure Miami Shores Office Deal
9315 Northeast 4th Avenue Road
Building Size
2,675 SF
Asset Type
Office
Closing
Apr 30, 2024
AI
9315 Park Drive, an office property spanning 2,675 square feet in Miami Shores, is now under contract.
Summary of transation details:
- Property Type: Office
- Transaction Amount: Not Disclosed
- Address: 9315 Park Drive
- Market: Miami Shores
- Brokers: Alfredo Riascos - Gridline Properties; Carol Vergel - Compass; Barrett Wolf - Wolf Co Real Estate
The collaboration of Alfredo Riascos from Gridline Properties, Carol Vergel from Compass, and Barrett Wolf from Wolf Co Real Estate has led to the current under-contract status of the office property at 9315 Park Drive.
Players
Miami Shores 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
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93