MG Investment Group, JJ Roma Investment Group & RJ Sunset Group Acquire Office Building In Kendall For $16.5M
9370 Southwest 72nd Street, Kendall, FL, USA
$16,500,000
$251/SF
Building Size
65,584 SF
Asset Type
Office
Closing
Jul 16, 2020
About this deal
AI
The office property located at 9370 SW 72nd St in Kendall has been sold for a total price of $16,500,000. The property spans 65,584 square feet, resulting in a price per square foot of $252. The transaction also includes approximately 2.3 acres of land, with a price per acre of $7,173,913.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $16,500,000
- Address: 9370 SW 72nd St
- Market: Kendall
- Square Footage: 65,584
- Price per Square Foot: $252
- Acres: 2.3
- Price per Acre: $7,173,913
The buyer of the property is MG Investment Group, JJ Roma Investment Group, and RJ Sunset Group. They have acquired the property from the seller, Barry Hechtman.
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
0.96%
Cash-on-Cash
-0.27%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93