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.
Miami Lakes 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
2.58%
Cash-on-Cash
-0.74%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93