Arch Realty Holdings LLC Acquires Medical Facility In Miami For $9.2M
12505 NE 16th Ave, North Miami, Miami-Dade, FL, USA
$9,215,000
$72/SF
Building Size
126,756 SF
Asset Type
Other
Closing
Sep 8, 2021
About this deal
AI
A medical facility located at 12505 NE 16th Ave in Miami has been sold in a recent transaction. The property, with a total area of 126,756 square feet, was purchased by Arch Realty Holdings LLC from Elaine Bloom. The sale price for the facility was $9,215,000, resulting in a price per square foot of $73.
Summary of transaction details:
- Property Type: Medical Facility
- Transaction Amount: $9,215,000
In this deal, Arch Realty Holdings LLC acted as the buyer, while Elaine Bloom served as the seller. The transaction involved the transfer of ownership for the medical facility situated at 12505 NE 16th Ave in Miami.
Players
North Miami Other Market Snapshot
Boundary boundary · Other · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.72%
Cash-on-Cash
-0.49%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93