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6141 Southwest 72nd Street,...

Updated Dec 19, 2023

Eduardo Gil Acquires South Miami Office Unit For $2M
SOLDOffice

Eduardo Gil Acquires South Miami Office Unit For $2M

6141 Southwest 72nd Street, South Miami, Florida 33143, United States

$2,000,000

$505/SF

Building Size

3,959 SF

Asset Type

Office

Closing

Feb 17, 2022

About this deal

AI

Located in South Miami, the office property at 6141 Sunset Drive Unit 102 recently changed hands in a sale transaction. The property, with a size of 3,959 square feet, was sold for a price of $2,000,000, resulting in a price per square foot of $505. The sale took place on February 18, 2022, and the transaction was facilitated by broker Raul Pino from The Hype Real Estate Group.

Summary of transaction details

  • Property Type: Office
  • Transaction Amount: $2,000,000
  • Property Size: 3,959 square feet
  • Address: 6141 Sunset Drive Unit 102
  • Market: South Miami

Eduardo Gil acted as the buyer in this transaction, while Marco Amendola was the seller. Raul Pino, representing The Hype Real Estate Group, assisted the buyer in acquiring the property. It is worth noting that the buyer initially worked with another commercial broker before seeking the expertise of Raul Pino and completing the purchase within a week. The Hype Real Estate Group prides itself on helping clients find their ideal locations and investments. If you're looking for your next spot, they would be delighted to assist you.

Players

Raul Pino

The Hype Real Estate Group

Broker

$350.5M

vol

51 deals

Broker

South Miami Office Market Snapshot

Boundary boundary · Office · Sale transactions

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Deal FAQ

About $505 per square foot on a published $2M for 3,959 square feet (2022).

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

7.93%

Cash-on-Cash

-2.27%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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