EPNEVMA Enterprises Acquires Office Space At Town Center One In Dadeland, Miami For $3.2M
Town Center One - 8950 SW 74th Court, Suites 1408-1411, Miami, FL
$3,200,000
$578/SF
Building Size
5,536 SF
Asset Type
Office
Closing
Nov 15, 2022
About this deal
AI
The recently closed property transaction in Dadeland, Miami involved the sale of an office asset located at 8950 SW 74th Court, Suites 1408-1411 in Town Center One. The property spans a total of 5,536 square feet and was sold for a price of $3,200,000, resulting in a price per square foot of $578.
Summary of transaction details:
- Property Type: Office
- Sale Price: $3,200,000
- Square Footage: 5,536
- Price per Square Foot: $578
- Address: 8950 SW 74th Court, Suites 1408-1411, Town Center One, Dadeland, Miami
EPNEVMA Enterprises, represented by Peter and Paul Hanna, acquired the property from Rabel Real Estate Inc., represented by Lorenzo Martell. The buyer's representative in the deal was Victor A Ruiz from Move Miami, while the seller's representative was Joe Abood and Peyton Dawd from Avison Young.
Players
Miami 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
4.96%
Cash-on-Cash
-1.42%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93