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
North 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
0.83%
Cash-on-Cash
-0.24%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93