SGC Inc Purchases Office Building At 825 Southwest 87th Avenue In Miami For $6.75M
825 Southwest 87th Avenue
$6,750,000
$562/SF
Building Size
12,000 SF
Asset Type
Office
Closing
Jun 15, 2025
About this deal
AI
The property involved in this transaction is an office asset located at 825 Southwest 87th Avenue in Miami. The sale price was $6,750,000 for the single unit, resulting in a price per unit of $6,750,000. The total square footage of the property is 12,000, which corresponds to a price per square foot of $562.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $6,750,000
- Units: 1
- Square Footage: 12,000
- Price Per Unit: $6,750,000
- Price Per Square Foot: $562
- Buyer: SGC, Inc
- Buyer's Representative: David Hendler
- Seller's Representative: George Collazo Jr. - Collazo Group at RE/MAX
David Hendler represented the buyer, SGC, Inc, while George Collazo Jr. was the representative for the seller. Both representatives played critical roles in facilitating the deal between the involved parties.
On the Map
$6,750,000
$562/SF
Office
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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
2.35%
Cash-on-Cash
-0.67%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93