Elvis Mons Purchases Office In Miami From Kambiz Hassanzadeh For $1.7M With Brokers Mercy Gomez And Alessandro Lima
SOLD
$1,700,000
Florida
See Similar DealsOffice2,650 SF
Sold 08/18/2025
SOLD
Elvis Mons Purchases Office In Miami From Kambiz Hassanzadeh For $1.7M With Brokers Mercy Gomez And Alessandro Lima
2036 Southwest 1st Street
See Similar DealsOffice2,650 SF
Sold 08/18/2025
Summary
FLORIDA
Asset Type:Office
Price Per Square Foot:$641
Total Square Footage:2,650 SF
Transaction Type:Sale
The property asset involved in the transaction is an office located at 2036 Southwest 1st Street in the Miami market. The sale was completed for a price of $1,700,000 and encompasses a total area of 2,650 square feet, resulting in a price per square foot of $641.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $1,700,000
- Address: 2036 Southwest 1st Street
- Market: Miami
- Square Footage: 2,650
- Price per Square Foot: $641
- Buyer: Elvis Mons
- Seller: Kambiz Hassanzadeh
- Buyer's Representative: Mercy Gomez - Meridian Capital Group
- Seller's Representative: Alessandro Lima - Compass
Mercy Gomez represented the buyer, Elvis Mons, while Alessandro Lima represented the seller, Kambiz Hassanzadeh, in this transaction. Their involvement highlights the collaborative effort of the brokerage teams in facilitating the sale of the office property.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$90,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$6,039.73
Cash-on-Cash Return-1.27%
Monthly Debt Service$8,058.87
Annual Debt Service$96,706.41
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