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
$3,400,000
$420/SF
Building Size
8,085 SF
Asset Type
Office
Closing
Jun 30, 2023
About this deal
AI
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.
On the Map
$3,400,000
$420/SF
Office
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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
4.67%
Cash-on-Cash
-1.33%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93