SOLDOffice
Baptist Hospital Acquires Office Property In Miami For $14.25M With Alfredo Riascos As The Broker
9090 Southwest 87th Court
$14,250,000
$647/SF
Building Size
22,000 SF
Asset Type
Office
Closing
Aug 17, 2025
AI
Located at 9090 Southwest 87th Court in Miami, this office asset encompasses a total square footage of 22,000. The sale was finalized at a price of $14,250,000, resulting in a price per square foot of $647.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $14,250,000
- Address: 9090 Southwest 87th Court
- Market: Miami
- Square Footage: 22,000
- Price per Square Foot: $647
- Buyer: Baptist Hospital
- Broker: Alfredo Riascos - Gridline Properties
Alfredo Riascos represented the broker in this transaction, facilitating the sale process for the buyer, Baptist Hospital.
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
1.11%
Cash-on-Cash
-0.32%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93