RE/MAX 360 Real Estate & Coral Pine Real Estate Acquire Office Property In South Miami For $5.25M
7910 Red Rd, South Miami, FL 33143, USA
$5,250,000
$372/SF
Building Size
14,083 SF
Asset Type
Office
Closing
Sep 29, 2022
AI
An office property located at 7910 Red Rd in South Miami has been sold for $5,250,000. This property spans 14,083 square feet, resulting in a price per square foot of $373. The transaction took place on September 30, 2022. The property is situated in the South Miami market.
Summary of transaction details
- Property Type: Office
- Transaction Amount: $5,250,000
- Square Footage: 14,083
- Price per Square Foot: $373
- Address: 7910 Red Rd
- Market: South Miami
The sale of this office property was facilitated by brokers Agustin Duarte CCIM and Billy Planes CCIM from RE/MAX 360 Real Estate, along with Barbara Tria from Coral Pine Real Estate, LLC.
Players
South Miami Office Market Snapshot
Boundary boundary · Office · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
3.02%
Cash-on-Cash
-0.86%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93