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SW 22 St

Alain Rodriguez Of SHR Communications Acquires Office In Miami For $5.2M With Grecsys Rios As Buyer's Representative
SOLDOffice

Alain Rodriguez Of SHR Communications Acquires Office In Miami For $5.2M With Grecsys Rios As Buyer's Representative

SW 22 St

$5,200,000

$164/SF

Building Size

31,681 SF

Asset Type

Office

Closing

Aug 20, 2024

AI

The asset involved in this transaction is an office property located at 2150 SW 22ND ST in Miami. The sale price for the property was $5,200,000, and it encompasses a total square footage of 31,681, resulting in a price per square foot of $164.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: $5,200,000
  • Address: 2150 SW 22ND ST
  • Market: Miami
  • Square Footage: 31,681
  • Price per Square Foot: $164
  • Buyer: Alain Rodriguez - SHR Communications
  • Buyer's Representative: Grecsys Rios - One Stop Realty Center

Alain Rodriguez of SHR Communications was the buyer in this transaction. The deal was facilitated by Grecsys Rios, who represented the buyer through One Stop Realty Center, ensuring the transaction proceeded smoothly.

Players

Grecsys Rios

One Stop Realty Center

Broker

$5.2M

vol

1 deal

Broker

Shenandoah 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

3.05%

Cash-on-Cash

-0.87%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93