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7650 West Flagler Street

Alberto Carballeria Acquires Office On West Flagler Street In Miami For $1.63M With Brokers Eduardo Toledo & Jonathan De LaRosa - Marcus & Millichap And Ana Rivera - JLL
SOLDOffice

Alberto Carballeria Acquires Office On West Flagler Street In Miami For $1.63M With Brokers Eduardo Toledo & Jonathan De LaRosa - Marcus & Millichap And Ana Rivera - JLL

7650 West Flagler Street

$1,626,000

$707/SF

Building Size

2,300 SF

Asset Type

Office

Closing

Dec 13, 2023

AI

7650 West Flagler Street in Miami has been sold for $1,626,000. The office property spans 2,300 square feet, resulting in a price per square foot of $707. The deal was closed on 12/13/2023.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: $1,626,000
  • Address: 7650 West Flagler Street, Miami
  • Square Footage: 2,300
  • Price per Square Foot: $707

Alberto Carballeria acquired the property from seller Alfredo Dally. The buyer was represented by Eduardo Toledo and Jonathan De LaRosa from Marcus & Millichap, while Ana Rivera from JLL acted as the seller's representative.

Players

Jonathan De La Rosa

Marcus & Millichap

Broker

$659M

vol

145 deals

Broker

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

9.76%

Cash-on-Cash

-2.79%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93