Noah Fox Of Vertical Real Estate Sells Office Building On Collins Avenue In Miami Beach For $1.75M
2555 Collins Avenue
$1,750,000
$301/SF
Building Size
5,800 SF
Asset Type
Office
Closing
Apr 28, 2023
About this deal
AI
2555 Collins Avenue in Miami Beach has been sold in a closed transaction. This office property, totaling 5,800 square feet, was acquired for a total price of $1,750,000, resulting in a price per square foot of $302.
Summary of transation details
- Property Type: Office
- Transaction Amount: $1,750,000
- Address: 2555 Collins Avenue, Miami Beach
- Square Footage: 5,800
- Price per Square Foot: $302
Noah Fox from Vertical Real Estate represented the buyer and facilitated the transaction.
The office sale at 2555 Collins Avenue in Florida sold for $1.8M in 2023. The building is 5,800 square feet, implying about 301 per square foot on the published price. Noah Fox, Vertical Real Estate appear on the sale alongside Vertical Real Estate. This page is the Florida file for the 2555 Collins Avenue office sold: pricing, party profiles, and other closed office comps from the same Florida sit in the Market section below. Filter that local office set by closing date to see what else sold near 2555 Collins Avenue around 2023. Published consideration for 2555 Collins Avenue is $1.8M, dated 2023. Cite this Noah Fox Of Vertical Real Estate Sells Office Building On Collins Avenue In Miami Beach For $1.75M sale when underwriting similar office product around Florida.
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Market Office Market Snapshot
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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