Updated Dec 4, 2024
Andres Asion Of Miami Real Estate Group Represents Buyer In $5.8M School Sale In Miami
8610 Southwest 107th Avenue
$5,800,000
$355/SF
Building Size
16,336 SF
Asset Type
Student Housing
Closing
Oct 22, 2024
About this deal
AI
The property asset involved in this transaction is a school located at 8610 Southwest 107th Avenue in the Miami market. The sale price of the property was $5,800,000, with a total square footage of 16,336, which results in a price per square foot of $355.
Summary of transaction details:
- Property Type: School
- Transaction Amount: $5,800,000
- Address: 8610 Southwest 107th Avenue
- Market: Miami
- Square Footage: 16,336
- Price Per Square Foot: $355
- Buyer's Representative: Andres Asion - Miami Real Estate Group
- Seller's Representative: Andrew Rosenberg - Upside Partners
The individuals involved in the transaction include Andres Asion, representing the buyer, who is actively seeking additional opportunities to purchase schools nationwide. Andrew Rosenberg represents the seller in this deal.
On the Map
$5,800,000
$355/SF
Student Housing
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Players
Miami Student Housing Market Snapshot
Boundary boundary · Student Housing · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.73%
Cash-on-Cash
-0.78%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93