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.
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
6.75%
Cash-on-Cash
-1.93%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93