Chariff Realty Group Sells Retail Property On Biscayne Boulevard In Miami For $2.7M
8425 Biscayne Blvd Miami, FL 33138, USA
$2,700,000
$370/SF
Building Size
7,294 SF
Asset Type
Retail
Closing
Aug 3, 2023
About this deal
AI
The property at 8425 Biscayne Blvd in Miami, Florida, was recently sold for $2,700,000. It is a retail asset with a total square footage of 7,294. The price per square foot was $370. The lot size is 21,146 square feet, which equates to a price per lot square foot of $128.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $2,700,000
- Square Footage: 7,294
- Price per Square Foot: $370
- Lot Size: 21,146 square feet
- Price per Lot Square Foot: $128
The sale was facilitated by brokers Lyle Chariff and Mauricio Zapata from the Chariff Realty Group. They played a key role in negotiating the deal and ensuring the successful completion of the transaction.
Please note that the transaction took place on 08/03/2023 and the property was sold by the Chariff Realty Group for the aforementioned amount.
Players
Miami Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.88%
Cash-on-Cash
-1.68%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93