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Luxury Office Space In South Miami Sold For $3.4M With Buyer's Rep Angelique Salas & Seller's Rep Vincent Diaz

Property Image
SOLD
$3,400,000
Vincent Diaz
Angelique Salas

Florida

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Office8,085 SF
Sold 06/30/2023
the dealplayerscompscontact
Property Image
SOLD

Luxury Office Space In South Miami Sold For $3.4M With Buyer's Rep Angelique Salas & Seller's Rep Vincent Diaz

5975 FL-986 Suite 301 South Miami, FL 33143, USA

See Similar Deals
Office8,085 SF
Sold 06/30/2023
Vincent Diaz
Angelique Salas
the dealplayerscompscontact
Contact now

Summary

FLORIDA
Asset Type:Office
Price Per Square Foot:$420
Total Square Footage:8,085 SF
Transaction Type:Sale

The property involved in this transaction is an office located at 5975 Sunset Drive in South Miami. It spans 8,085 square feet and was sold for a total price of $3,400,000, resulting in a price per square foot of $421.

Summary of transaction details

  • Property Type: Office
  • Transaction Amount: $3,400,000
  • Address: 5975 Sunset Drive, South Miami
  • Square Footage: 8,085
  • Price per Square Foot: $421

Angelique Salas from Kenneth Weston & Associates represented the buyer in this deal, while Vincent Diaz from Luxe Properties acted as the seller's representative.

Players

Vincent Diaz
Luxe Properties
Vincent Diaz
2 deals$7.8M volume(305) 389-2211
BROKER
Angelique Salas
Kenneth Weston & Associates
Angelique Salas
1 deal$3.4M volume(305) 607-1774
BROKER

Details

SOLD
IMAGE: Vincent Diaz & Angelique Salas DATE: 06/30/2023 ADDRESS: 5975 Sunset Drive MARKET: South Miami ASSET TYPE: Office BUYER'S REP: Angelique Salas - Kenneth Weston & Associates SELLER'S REP: Vincent Diaz (@vincentjdiazpa) - Luxe Properties (@LuxePropertiesMia) SALE PRICE: $3,400,000 SF: 8,085 ~ PPSF: $421

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$181,333.32

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$12,079.50
Cash-on-Cash Return-1.27%
Monthly Debt Service$16,117.73
Annual Debt Service$193,412.82