Spiegel Associates Acquires Property In Miami For $34.4 Million From Pan Am Equities
7201 7275 Ne 4th Ave
$34,400,000
Building Size
—
Asset Type
Other
Closing
Aug 14, 2023
About this deal
AI
The property asset involved in this transaction is located at 7201 7275 Ne 4th Ave in Miami. This deal encompasses an asset classified as "Other" and was sold for a total of $34,400,000.00.
Summary of transation details:
- Property Type: Other
- Transaction Amount: $34,400,000.00
- Buyer: Spiegel Associates
- Seller: Pan Am Equities, Inc.
- Brokers: Tony Arellano from DWNTWN Realty Advisors
This transaction features key individuals including Tony Arellano, who acted as the broker representing the buyer, Spiegel Associates, in this deal while Pan Am Equities, Inc. was represented by their broker in this transaction.
On the Map
$34,400,000
Other
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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
0.46%
Cash-on-Cash
-0.13%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93