Ideal Capital Acquires Office Property At 7300 Biscayne Boulevard From Greenstreet Partners For $8.1M
7300 Biscayne Boulevard
$8,095,000
$377/SF
Building Size
21,454 SF
Asset Type
Office
Closing
Oct 17, 2024
AI
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.
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
1.96%
Cash-on-Cash
-0.56%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93