Nunez Construction Acquires Office Building From Carlos Garcia For $5,000,000 In Miami
9500 Southwest 77th Avenue
$5,000,000
$653/SF
Building Size
7,646 SF
Asset Type
Office
Closing
Sep 29, 2026
About this deal
AI
The property asset involved in this transaction is an office located at 9500 Southwest 77th Avenue, in the Miami market. The sale price of the property was $5,000,000, and it features a total square footage of 7,646, resulting in a price per square foot of $653.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $5,000,000
- Address: 9500 Southwest 77th Avenue
- Market: Miami
- Square Footage: 7,646
- Price Per Square Foot: $653
- Buyer: Nunez Construction
- Seller: Carlos Garcia
- Seller's Representative: Justin Walker - Colliers
This transaction highlights the roles of the parties involved, with Nunez Construction acquiring the property from seller Carlos Garcia. Justin Walker from Colliers represented the seller in this deal.
On the Map
$5,000,000
$653/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
3.17%
Cash-on-Cash
-0.91%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93