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
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