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1800 Southwest First Street

Care Resource Community Health Centers Acquires Office Building In Little Havana For $5.4M
SOLDOffice

Care Resource Community Health Centers Acquires Office Building In Little Havana For $5.4M

1800 Southwest First Street

$5,400,000

$16/SF

Building Size

324,080 SF

Asset Type

Office

Closing

Jun 18, 2020

AI

An office property located at 1800 Southwest First Street in the Little Havana market has been sold for $5,400,000. The property spans 32,408 square feet, resulting in a price per square foot of $166.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: $5,400,000
  • Square Footage: 32,408
  • Price per Square Foot: $166
  • Address: 1800 Southwest First Street
  • Market: Little Havana

Care Resource Community Health Centers is the buyer of the office property, while Mohammad Siddiq Khan and Ghazala Bilqees are the sellers. The transaction was facilitated by brokers Carlos Fausto Miranda and Alessandro Lima of Fausto Commercial, along with Manuel Perez of Keyes Company.

Players

Alessandro Lima

Compass

Broker

$105M

vol

28 deals

Broker

Blue Springs Office Market Snapshot

Boundary boundary · Office · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

2.94%

Cash-on-Cash

-0.84%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93