Anna Sherrill Acquires Mixed-Use Property In Miami For $18M
SOLD
$18,000,000
Florida
See Similar DealsCondo4,600 SF
Sold 05/06/2021
SOLD
Anna Sherrill Acquires Mixed-Use Property In Miami For $18M
1000 Biscayne Boulevard
See Similar DealsCondo4,600 SF
Sold 05/06/2021
Summary
FLORIDA
Asset Type:Condo
Price Per Square Foot:$3,913
Total Square Footage:4,600 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$960,000.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$63,950.20
Cash-on-Cash Return-1.27%
Monthly Debt Service$85,329.18
Annual Debt Service$1,023,950.20
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