Joseph Soles Acquires Office Property In Miami From Mikel Lehbman For $4.5 Million
2433 Northwest 7th Street
$4,500,000
$318/SF
Building Size
14,151 SF
Asset Type
Office
Closing
Dec 20, 2024
About this deal
AI
The property involved in this transaction is an office space located at 2433 Northwest 7th Street in Miami. The office has a total square footage of 14,151 and was sold for $4,500,000, resulting in a price per square foot of $317.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $4,500,000
- Address: 2433 Northwest 7th Street
- Market: Miami
- Square Footage: 14,151
- Price per Square Foot: $317
- Buyer: Joseph Soles
- Seller: Mikel Lehbman
- Seller's Representative: Giovanni Vasquez & Andros Sarduy - Synergy Realty Advisors
The transaction was facilitated by Giovanni Vasquez and Andros Sarduy of Synergy Realty Advisors, who represented the seller, Mikel Lehbman, in this deal. The buyer of the property is Joseph Soles.
On the Map
$4,500,000
$318/SF
Office
View full map
Players
Miami Office Market Snapshot
Boundary boundary · Office · Sale transactions
Loading comparables…
Deal FAQ
Visit Giovanni Vasquez to view all their deals.
Browse Miami office sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
3.53%
Cash-on-Cash
-1.01%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93