Arianne Brown Acquires Office Building On Biscayne Blvd In Miami, FL For $2.35M
SOLD
$2,350,000
Florida
See Similar DealsOffice3,224 SF
Sold 06/01/2022
SOLD
Arianne Brown Acquires Office Building On Biscayne Blvd In Miami, FL For $2.35M
5859 Biscayne Boulevard, Miami, Florida 33137, United States
See Similar DealsOffice3,224 SF
Sold 06/01/2022
Summary
FLORIDA
Asset Type:Office
Price Per Square Foot:$728
Total Square Footage:3,224 SF
Transaction Type:Sale
An office building located at 5859 Biscayne Blvd in Miami, FL has been sold in a transaction that closed on June 1, 2022. The property spans a total area of 3,224 square feet and was sold for a price of $2,350,000, resulting in a price per square foot of $728.
Summary of transation details
- Property Type: Office Building
- Transaction Amount: $2,350,000
- Square Footage: 3,224
- Price per Square Foot: $728
- Address: 5859 Biscayne Blvd, Miami, FL
- Market: Miami, FL
Arianne Brown acted as the buyer in this transaction, while Charles N Allen and Susan D Allen were the sellers of the office building.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$125,333.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$8,349.06
Cash-on-Cash Return-1.27%
Monthly Debt Service$11,140.20
Annual Debt Service$133,682.39
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