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5859 Biscayne Boulevard, Mi...

Arianne Brown Acquires Office Building On Biscayne Blvd In Miami, FL For $2.35M
SOLDOffice

Arianne Brown Acquires Office Building On Biscayne Blvd In Miami, FL For $2.35M

5859 Biscayne Boulevard, Miami, Florida 33137, United States

$2,350,000

$728/SF

Building Size

3,224 SF

Asset Type

Office

Closing

May 31, 2022

AI

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.

Players

Charles N Allen

Alliant Capital

Seller

$19.4M

vol

2 deals

Seller

Miami Office Market Snapshot

Boundary boundary · Office · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

6.75%

Cash-on-Cash

-1.93%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93