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1000 Biscayne Boulevard

Anna Sherrill Acquires Mixed-Use Property In Miami For $18M
SOLDCondo

Anna Sherrill Acquires Mixed-Use Property In Miami For $18M

1000 Biscayne Boulevard

$18,000,000

$3,913/SF

Building Size

4,600 SF

Asset Type

Condo

Closing

May 6, 2021

AI

A mixed-use property located at 1000 Biscayne Blvd in Miami has been sold for a sale price of $18,000,000. The property spans 10,306 square feet, resulting in a price per square foot of $1,747. The transaction took place on 05/07/2021 and was represented by broker Anna Sherrill.

Summary of transaction details

  • Property Type: Mixed Use
  • Transaction Amount: $18,000,000
  • Address: 1000 Biscayne Blvd, Miami
  • Square Footage: 10,306
  • Price per Square Foot: $1,747
  • Broker: Anna Sherrill

The sale of this mixed-use property on 1000 Biscayne Blvd marks a significant transaction in Miami's real estate market. The property offers a combination of residential, commercial, and retail spaces, providing versatility and potential for various uses. With a sale price of $18,000,000, it demonstrates the strong demand and value associated with mixed-use properties in the area.

Players

Anna Sherrill

Sotheby's International Realty

Broker

$195.5M

vol

12 deals

Broker
Berkshire Hathaway HomeServices
Berkshire Hathaway HomeServicesBrokerage

Miami Condo Market Snapshot

Boundary boundary · Condo · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.88%

Cash-on-Cash

-0.25%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93