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1548 Brickell Avenue, Miami...

Ytech Acquires Office On Brickell Avenue In Miami For $6M
SOLDOffice

Ytech Acquires Office On Brickell Avenue In Miami For $6M

1548 Brickell Avenue, Miami, FL 33129

$6,000,000

$569/SF

Building Size

10,535 SF

Asset Type

Office

Closing

Oct 18, 2021

AI

Located at 1548 Brickell Avenue in Miami, this office property was recently sold in a closed transaction. The sale took place on 10/18/2021, with a sale price of $6,000,000. The property is situated in a prime location on Brickell Avenue, which is known for its vibrant business community.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: $6,000,000

The buyer in this transaction is Ytech, represented by Yamal Yidios. On the other hand, the seller is Estanislao & Jose Garavilla, who are associated with EJG Real Estate.

This sale represents a significant transaction in the Miami office market. The involvement of Ytech, Yamal Yidios, Estanislao & Jose Garavilla, and EJG Real Estate showcases the active nature of the real estate industry in this area.

Players

Yamal Yidios

Ytech

Buyer

$769.6M

vol

10 deals

Buyer

Miami Office Market Snapshot

Boundary boundary · Office · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

2.64%

Cash-on-Cash

-0.76%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93