Andres Asion Of Miami Real Estate Group Represents Buyer In $5.8M School Sale In Miami
SOLD
Florida
See Similar DealsStudent Housing16,336 SF
Sold 10/22/2024
SOLD
Andres Asion Of Miami Real Estate Group Represents Buyer In $5.8M School Sale In Miami
8610 Southwest 107th Avenue
See Similar DealsStudent Housing16,336 SF
Sold 10/22/2024
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.
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Deal Type
30 years
10 years
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
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