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7910 Red Rd, South Miami, F...

RE/MAX 360 Real Estate & Coral Pine Real Estate Acquire Office Property In South Miami For $5.25M
SOLDOffice

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

Agustin Duarte

Re/Max

Broker

$89.7M

vol

25 deals

Broker

South 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

3.02%

Cash-on-Cash

-0.86%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93