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
About this deal
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:
- Property Type: Medical Office
- Transaction Amount: $11,000,000
- Square Footage: 20,339
- Price per Square Foot: $540
- Buyer’s Representatives: Carissa Barzana and Zandra Mederos from Aterra Real Estate Partners, Nicole Paris Suozzi from Nicole Paris Realty, Inc.
- Seller’s Representative: Manuel Garcia from Gem Real Estate
- Note: Sale-Leaseback
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.
On the Map
$11,000,000
$540/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
1.44%
Cash-on-Cash
-0.41%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93