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
Miami Office Market Snapshot
Boundary boundary · Office · Sale transactions
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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