Chariff Realty Group Brokers Sell 10.5k SF Office Property In Miami's MiMo District For $6M
6654 Biscayne Blvd Miami, Fl 33138, Usa
$6,000,000
$571/SF
Building Size
10,500 SF
Asset Type
Office
Closing
Aug 8, 2023
About this deal
AI
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
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
2.64%
Cash-on-Cash
-0.76%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93