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.
On the Map
$6,000,000
$571/SF
Office
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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