Eva Garzon & Jessica Juliao Of The Grand Lion RE Group & Cervera RE Facilitate $7.95M Package Deal Sale In Miami
SOLD
$7,950,000
Florida
See Similar DealsPackage Deal3,943 SF
Sold 12/28/2022
SOLD
Eva Garzon & Jessica Juliao Of The Grand Lion RE Group & Cervera RE Facilitate $7.95M Package Deal Sale In Miami
300 Biscayne Boulevard
See Similar DealsPackage Deal3,943 SF
Sold 12/28/2022
Summary
FLORIDA
Asset Type:Package Deal
Price Per Square Foot:$2,016
Total Square Footage:3,943 SF
Transaction Type:Sale
300 Biscayne Boulevard, located in Miami, has been sold in a package deal. The property consists of a total of 3,943 square feet, with a sale price of $7,950,000. The asking price for this transaction was $8,000,000, resulting in a price per square foot of $2,016.
Summary of transation details
- Property Type: Package Deal
- Transaction Amount: $7,950,000
- Address: 300 Biscayne Boulevard, Miami
- Square Footage: 3,943 SF
- Asking Price: $8,000,000
- Price per Square Foot: $2,016
The deal was facilitated by Eva Garzon from The Grand Lion Real Estate Group and Jessica Juliao from Cervera Real Estate. They represented the respective parties involved in the transaction.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$424,000.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$28,244.66
Cash-on-Cash Return-1.27%
Monthly Debt Service$37,687.06
Annual Debt Service$452,244.67
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