Francisco Espinosa Acquires Office In Miami From George Dancea For $9.2M
9480 South Dixie Highway
$9,200,000
$285/SF
Building Size
32,282 SF
Asset Type
Office
Closing
May 24, 2024
About this deal
AI
The office located at 9480 South Dixie Highway in Miami was sold for $9,200,000. Spanning 32,282 square feet, the property was acquired by Francisco Espinosa of The Bec Group Services, Inc from seller George Dancea.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $9,200,000
- Address: 9480 South Dixie Highway
- Market: Miami
- Square Footage: 32,282
- Seller: George Dancea
- Buyer: Francisco Espinosa - The Bec Group Services, Inc
The deal was facilitated by seller's representatives, Deme Mekras from MSP Group and Cary Cohen from Blanca Commercial Real Estate. The transaction was a collaboration between Deme Mekras and Cary Cohen, with thanks extended to MSP Group's repeat client, Mr. George Dancea, for their involvement. Additionally, the transaction involved Karen Garcia of Casa Bella Realty in the process.
On the Map
$9,200,000
$285/SF
Office
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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
1.72%
Cash-on-Cash
-0.49%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93