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3181 Southwest 22nd Street

Medical Office At 3181 Southwest 22nd Street Sold For $11 Million By Buyer And Seller's Representatives
SOLDOffice

Medical Office At 3181 Southwest 22nd Street Sold For $11 Million By Buyer And Seller's Representatives

3181 Southwest 22nd Street

$11,000,000

$540/SF

Building Size

20,339 SF

Asset Type

Office

Closing

Aug 7, 2024

AI

The property involved in the transaction is a medical office located at 3181 Southwest 22nd Street in Miami. The sale price was $11,000,000, and the property encompasses an area of 20,339 square feet, resulting in a price per square foot of $540.

Summary of transaction details:

The transaction was represented by Carissa Barzana and Zandra Mederos, who are affiliated with Aterra Real Estate Partners, along with Nicole Paris Suozzi from Nicole Paris Realty, Inc. The seller's interests were represented by Manuel Garcia from Gem Real Estate.

Players

Carissa Barzana

Aterra Real Estate Partners

Broker

$25.2M

vol

4 deals

Broker

Shenandoah 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

1.44%

Cash-on-Cash

-0.41%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93