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7201 7275 Ne 4th Ave

Spiegel Associates Acquires Property In Miami For $34.4 Million From Pan Am Equities
SOLDOther

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

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:

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.

Players

Tony Arellano
Verified Badge

Tony Arellano

DWNTWN Realty Advisors

Broker

$1.6B

vol

156 deals

Broker
Spiegel Associates
Spiegel AssociatesBuyer

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