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5969 Northwest 151st Street

Updated Dec 4, 2024

Bilt advertisement
Robert Dominguez Purchases Office Building In Miami Lakes For $6.15M With Joseph Suarez As Representative
SOLDOffice

Robert Dominguez Purchases Office Building In Miami Lakes For $6.15M With Joseph Suarez As Representative

5969 Northwest 151st Street

$6,150,000

$109/SF

Building Size

56,343 SF

Asset Type

Office

Closing

Nov 8, 2024

About this deal

AI

This transaction involves the sale of an office building located at 5969 Northwest 151st Street in Miami Lakes. The property has a total square footage of 56,343 and was sold at a price of $6,150,000, equating to $109 per square foot. The property was listed for just one day before being sold.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: $6,150,000
  • Address: 5969 Northwest 151st Street
  • Market: Miami Lakes
  • Square Footage: 56,343
  • Price per Square Foot: $109
  • Buyer: Robert Dominguez
  • Seller: David Schaeanter
  • Buyer's Representative: Joseph Suarez - Trustpoint Realty

Joseph Suarez, representing the buyer, successfully negotiated significant savings off the list price, showcasing the efficiency of Trust Point Realty in securing such a quick sale for the property.

Players

Joseph Suarez

Trustpoint Realty

Broker

$85.6M

vol

23 deals

Broker

Miami Lakes Office Market Snapshot

Boundary boundary · Office · Sale transactions

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Deal FAQ

About $109 per square foot on a published $6.2M for 56,343 square feet (2024).

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

2.58%

Cash-on-Cash

-0.74%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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