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2509 North Miami Ave

Link Real Estate Sells Office/Retail Property On North Miami Ave In Miami For $19M
SOLDOffice

Link Real Estate Sells Office/Retail Property On North Miami Ave In Miami For $19M

2509 North Miami Ave

$19,000,000

$883/SF

Building Size

21,509 SF

Asset Type

Office

Closing

Sep 20, 2023

AI

The property involved in this transaction is an office/retail space located at 2509 North Miami Ave in Miami. The property spans a total area of 21,509 square feet and was sold for a price of $19,000,000, resulting in a price per square foot of $883. The seller of this property was Link Real Estate.

Summary of transaction details

  • Property Type: Office/Retail
  • Transaction Amount: $19,000,000
  • Square Footage: 21,509
  • Price per Square Foot: $883
  • Address: 2509 North Miami Ave, Miami
  • Market: Miami

Tony Arellano and Devlin Marinoff from DWNTWN Realty Advisors acted as the brokers in this deal, representing the seller, Link Real Estate. They played a crucial role in facilitating the transaction between the parties involved.

Players

Tony Arellano
Verified Badge

Tony Arellano

DWNTWN Realty Advisors

Broker

$1.6B

vol

156 deals

Broker
LE
Link Real EstateSeller

North 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

0.83%

Cash-on-Cash

-0.24%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93