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9090 Southwest 87th Court

Baptist Hospital Acquires Office Property In Miami For $14.25M With Alfredo Riascos As The Broker
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

Alfredo Riascos

Gridline Properties

Broker

$331.2M

vol

49 deals

Broker
Gridline Properties
Gridline PropertiesBrokerage

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