SGC Inc Purchases Office Building At 825 Southwest 87th Avenue In Miami For $6.75M
SOLD
$6,750,000
Florida
See Similar DealsOffice12,000 SF
Sold 06/15/2025
SOLD
SGC Inc Purchases Office Building At 825 Southwest 87th Avenue In Miami For $6.75M
825 Southwest 87th Avenue
See Similar DealsOffice12,000 SF
Sold 06/15/2025
Summary
FLORIDA
Asset Type:Office
Price Per Square Foot:$562
Total Square Footage:12,000 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$360,000.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$23,981.32
Cash-on-Cash Return-1.27%
Monthly Debt Service$31,998.44
Annual Debt Service$383,981.32
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