facebook
Traded Co logo
Submit
Daily limit: 0/10

Chariff Realty Group Brokers Sell 10.5k SF Office Property In Miami's MiMo District For $6M

Property Image
SOLD
$6,000,000

Florida

See Similar Deals
Office10,500 SF
Sold
the dealplayerscompscontact
Property Image
SOLD

Chariff Realty Group Brokers Sell 10.5k SF Office Property In Miami's MiMo District For $6M

6654 Biscayne Blvd Miami, Fl 33138, Usa

See Similar Deals
Office10,500 SF
Sold
Contact now

Summary

FLORIDA
Asset Type:Office
Price Per Square Foot:$571
Total Square Footage:10500 SF
Transaction Type:Sale

In Miami's MiMo District, a 10,500 sq. ft. office property located at 6654 Biscayne Blvd was recently sold for $6 million. The sale was facilitated by brokers Lyle Chariff and Mauricio Zapata of Chariff Realty Group. The property is situated on a lot spanning 19,200 square feet.

Summary of transaction details

  • Property Type: Office
  • Transaction Amount: $6,000,000
  • Square Footage: 10,500 sq. ft.
  • Price per Square Foot: $571
  • Lot Square Footage: 19,200 sq. ft.
  • Price per Lot Square Foot: $313
  • Address: 6654 Biscayne Boulevard, Miami

The sale of this office property highlights the expertise of brokers Lyle Chariff and Mauricio Zapata from Chariff Realty Group. They played a pivotal role in brokering the deal, showcasing their knowledge of the Miami market. The transaction further cements their position as reputable real estate agents in the industry.

Players

Mauricio Zapata
32 deals$61.5M volume
BROKER

Lyle Chariff
Chariff Realty Group
32 deals$56.7M volume(305) 576-7474
BROKER

Details

SOLD
IMAGE: Mauricio Zapata & Lyle Chariff DATE: 08/08/2023 ADDRESS: 6654 Biscayne Boulevard MARKET: Miami ASSET TYPE: Office BROKERS: Lyle Chariff (@LyleChariff) & Mauricio Zapata (@MauricioZapata_) - Chariff Realty Group (@Chariff) SALE PRICE: $6,000,000 SF: 10,500 ~ PPSF: $571 LOT SF: 19,200 ~ PPLSF: $313 NOTE: In Miami's MiMo District, a 10,500 sq. ft. office property at 6654 Biscayne Blvd was sold for $6 million, facilitated by Chariff Realty Group brokers Lyle Chariff and Mauricio Zapata.

Stay in the Know

Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.

By subscribing, you agree to our Terms of Service and Privacy Policy.

Similar Deals

Contact

Get in touch with the broker you want

Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$319,999.99

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$21,316.74
Cash-on-Cash Return-1.27%
Monthly Debt Service$28,443.06
Annual Debt Service$341,316.73