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Andres Asion Of Miami Real Estate Group Represents Buyer In $5.8M School Sale In Miami

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SOLD
$5,800,000

Florida

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Student Housing16,336 SF
Sold 10/22/2024
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SOLD

Andres Asion Of Miami Real Estate Group Represents Buyer In $5.8M School Sale In Miami

8610 Southwest 107th Avenue

See Similar Deals
Student Housing16,336 SF
Sold 10/22/2024
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Summary

FLORIDA
Asset Type:Student Housing
Price Per Square Foot:$355
Total Square Footage:16,336 SF
Transaction Type:Sale

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.

Players

Andres Asion
4 deals$22.5M volume(305) 613-3669
BROKER

Andrew Rosenberg
Upside Partners
1 deal$5.8M volume(305) 968-8932
BROKER

Details

SOLD
IMAGE: Andrew Rosenberg & Andres Asion DATE: 10/22/2024 ADDRESS: 8610 Southwest 107th Avenue MARKET: Miami ASSET TYPE: School BUYER'S REP: Andres Asion (@AndresAsion) - Miami Real Estate Group SELLER'S REP: Andrew Rosenberg (@Andrew_upsidepartners) - Upside Partners SALE PRICE: $5,800,000 SF: 16,336 ~ PPSF: $355 NOTE FROM BROKER: The buyer is seeking additional opportunities to purchase schools nationwide. If you have any opportunities available, please call Andres Asion at 305-613-3669.

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$309,333.32

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$20,606.19
Cash-on-Cash Return-1.27%
Monthly Debt Service$27,494.96
Annual Debt Service$329,939.51