David Merino Acquires Mixed-Use Asset In Miami For $4.88M
300 Biscayne Blvd
$4,880,000
$1,866/SF
Building Size
2,615 SF
Asset Type
Mixed-use
Closing
Sep 26, 2022
AI
The mixed-use property located at 300 Biscayne Blvd in Miami has been sold for a total of $4,880,000. The property spans 2,615 square feet, resulting in a price per square foot of $1,866. The sale transaction took place on September 26, 2022.
Summary of transaction details
- Property Type: Mixed-use
- Transaction Amount: $4,880,000
- Address: 300 Biscayne Blvd, Miami
- Market: Miami
David Merino has acquired the property from the seller, Waldorf Astoria - PMG Development. The brokerage services were provided by Steven Kupchan from Compass Florida.
Players
Miami Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
3.25%
Cash-on-Cash
-0.93%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93