Alessandro Saponaro & Troy Fabien Acquires Office In MiMo, Miami For $1.94M
5963 Biscayne Boulevard, Miami, Florida 33137, United States
$1,940,000
$741/SF
Building Size
2,615 SF
Asset Type
Office
Closing
Jun 26, 2022
AI
The office property located at 5963 Biscayne Blvd in the MiMo neighborhood of Miami has been sold for $1,940,000. The transaction took place on June 27, 2022. The office space spans 2,615 square feet, resulting in a price per square foot of $742.
Summary of transaction details:
- Property Type: Office
- Sale Price: $1,940,000
- Square Footage: 2,615
- Price per Square Foot: $742
- Address: 5963 Biscayne Blvd
- Market: MiMo, Miami
The seller of the property was Robert Dixon, while Alessandro Saponaro and Troy Fabien represented the buyer. Alessandro Saponaro is affiliated with AFS Living. Troy Fabien acted as the seller's representative in the deal.
For residential and commercial real estate opportunities, interested parties can reach out to Alessandro Saponaro at [email protected].
Players
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
8.18%
Cash-on-Cash
-2.34%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93