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825 Southwest 87th Avenue

Updated Jun 26, 2025

SGC Inc Purchases Office Building At 825 Southwest 87th Avenue In Miami For $6.75M
SOLDOffice

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.

Players

George Collazo Jr.

Re/Max

Broker

$24.9M

vol

3 deals

Broker

Miami Office Market Snapshot

Boundary boundary · Office · Sale transactions

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Deal FAQ

About $562 per square foot on a published $6.8M for 12,000 square feet (2025).

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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

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