OTM-CRE Brokers $1.9M Retail & Office Sale On Biscayne Blvd. In North Miami
11730 Biscayne Blvd, Miami, FL 33181, Estados Unidos
$1,900,000
$25/SF
Building Size
75,000 SF
Asset Type
Mixed-use
Closing
Oct 29, 2020
About this deal
AI
11730 Biscayne Blvd. in North Miami has been sold in a retail and office transaction. The deal was brokered by Jonathan Molano of OTM-CRE. The property was sold for $1,900,000 and has a total area of 7,500 square feet. The price per square foot is $253.
Summary of transaction details
- Property Type: Retail & Office
- Transaction Amount: $1,900,000
- Address: 11730 Biscayne Blvd.
- Market: North Miami
- Broker: Jonathan Molano - OTM-CRE
- SF: 7,500
- PPSF: $253
For more information on similar on & off market properties, please contact Jonathan Molano of OTM-CRE.
Players
Miami Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
8.35%
Cash-on-Cash
-2.39%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93