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2433 Northwest 7th Street

Joseph Soles Acquires Office Property In Miami From Mikel Lehbman For $4.5 Million
SOLDOffice

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

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:

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.

Players

Andros Sarduy

Synergy Realty Advisors

Broker

$79.6M

vol

17 deals

Broker

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

3.53%

Cash-on-Cash

-1.01%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93