Ideal Capital Acquires Office Property At 7300 Biscayne Boulevard From Greenstreet Partners For $8.1M
SOLD
$8,095,000
Florida
See Similar DealsOffice21,454 SF
Sold 10/17/2024
SOLD
Ideal Capital Acquires Office Property At 7300 Biscayne Boulevard From Greenstreet Partners For $8.1M
7300 Biscayne Boulevard
See Similar DealsOffice21,454 SF
Sold 10/17/2024
Summary
FLORIDA
Asset Type:Office
Price Per Square Foot:$377
Total Square Footage:21,454 SF
Transaction Type:Sale
The asset involved in this transaction is an office property located at 7300 Biscayne Boulevard, Miami. The sale price for the property was $8,095,000, representing a total square footage of 21,454 and a price per square foot of $377.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $8,095,000
- Address: 7300 Biscayne Boulevard
- Market: Miami
- Square Footage: 21,454
- Price Per Square Foot: $377
- Buyer: Ideal Capital
- Seller: Greenstreet Partners
- Brokers: Tony Arellano & Devlin Marinoff - DWNTWN Realty Advisors
This transaction involved Ideal Capital as the buyer and Greenstreet Partners as the seller, with Tony Arellano and Devlin Marinoff representing the brokers in the deal. The sale took place on October 17, 2024.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$431,733.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$28,759.84
Cash-on-Cash Return-1.27%
Monthly Debt Service$38,374.43
Annual Debt Service$460,493.16
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