Noah Fox Of Vertical Real Estate Sells Office Building In Miami Beach For $1.75M
2555 Collins Avenue #C1
$1,750,000
$301/SF
Building Size
5,800 SF
Asset Type
Office
Closing
Apr 28, 2023
About this deal
AI
Summary of transaction details
- Property Type: Office
- Transaction Amount: $1,750,000
- Address: 2555 Collins Avenue, Miami Beach
- Square Footage: 5,800 SF
- Price Per Square Foot: $302
The recently closed property transaction on 2555 Collins Avenue, Miami Beach involved an office asset. The property spans across 5,800 square feet and was sold for a total amount of $1,750,000, resulting in a price per square foot of $302.
Noah Fox from Vertical Real Estate acted as the broker in this transaction, representing the parties involved.
Players
Miami Beach 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
9.06%
Cash-on-Cash
-2.59%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93