Scott Edelsberg And Andrew Shamis Acquire Office At 5061 Biscayne Boulevard For $5.25M
5061 Biscayne Boulevard
$5,250,000
$435/SF
Building Size
12,048 SF
Asset Type
Office
Closing
Apr 10, 2025
About this deal
AI
The property involved in this transaction is an office asset located at 5061 Biscayne Boulevard, Miami, FL. The sale price for the property was $5,250,000, and it encompasses a total of 12,048 square feet, resulting in a price per square foot of $435.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $5,250,000
- Address: 5061 Biscayne Boulevard
- Market: Miami, FL
- Square Footage: 12,048
- Price per Square Foot: $435
- Buyer: Scott Edelsberg & Andrew Shamis
- Seller: Daniel Jose
- Buyer's Representative: Tomas Sulichin - RelatedISG International Realty
- Seller's Representative: Carol Gomez - RelatedISG International Realty
The transaction was facilitated by Tomas Sulichin and Carol Gomez, who represented the buyer and seller respectively. Both representatives are affiliated with RelatedISG International Realty, highlighting the involvement of the same agency in both sides of the deal.
On the Map
$5,250,000
$435/SF
Office
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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
3.02%
Cash-on-Cash
-0.86%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93