Ytech Acquires Office On Brickell Avenue In Miami For $6M
SOLD
$6,000,000
Florida
See Similar DealsOffice10,535 SF
Sold 10/18/2021
SOLD
Ytech Acquires Office On Brickell Avenue In Miami For $6M
1548 Brickell Avenue, Miami, FL 33129
See Similar DealsOffice10,535 SF
Sold 10/18/2021
Summary
FLORIDA
Asset Type:Office
Price Per Square Foot:$569
Total Square Footage:10,535 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$319,999.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$21,316.74
Cash-on-Cash Return-1.27%
Monthly Debt Service$28,443.06
Annual Debt Service$341,316.73
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