Maximo Alvarez Purchases Property In Miami For $5.5M With Broker Bobby Berrido CCIM
14695 Southwest 216th Street
$5,500,000
$1,407/SF
Building Size
3,908 SF
Asset Type
Other
Closing
Aug 27, 2026
About this deal
AI
This transaction involves the sale of a property located at 14695 Southwest 216th Street in Miami. The asset is categorized as 'Other' and was sold for a total price of $5,500,000. The property encompasses a total square footage of 3,908, making the price per square foot approximately $1,407.
Summary of transaction details:
- Property Type: Other
- Transaction Amount: $5,500,000
- Square Footage: 3,908
- Address: 14695 Southwest 216th Street
- Market: Miami
- Buyer: Maximo Alvarez
- Seller: Francesco Vergani
- Broker: Bobby Berrido, CCIM - Fausto Commercial Realty Consultants
Key individuals in this transaction include the buyer Maximo Alvarez and the seller Francesco Vergani, both pivotal to the property's exchange. The broker representing the seller in this deal was Bobby Berrido, CCIM from Fausto Commercial Realty Consultants, facilitating the negotiation and closing of the transaction.
On the Map
$5,500,000
$1,407/SF
Other
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Players
Miami Other Market Snapshot
Boundary boundary · Other · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.88%
Cash-on-Cash
-0.82%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93