$24,310,000
6.9% cap · 34,270 sq ft RBA · Class C
8751 Biscayne Blvd
Miami, FL 33134
Listed 3 months ago$709/sq ft
01 / 08
Price cut −6%For SaleOffice
$21,335,000
6950 Coral Way
Wynwood · Miami, FL 33129
$459/sq ft126 days on market2.2K views64 saves
Key facts
- Interior
- 46,500 sq ft
- Lot
- 1.88 acres
- Year built
- 1981
- Property type
- Office
- Price / sq ft
- $459/sq ft
- Annual taxes
- $221,880
- Days on market
- 126
Getting around
Walk Score90
Walker's Paradise
Transit Score63
Good Transit
Bike Score76
Very Bikeable
About this property
A NNN asset in Miami with real durability behind the rent roll. Current NOI supports the 6.9% going-in yield with room above it as leases reset.
Investment summary
Investment summary
Cap rate
6.90%
Net operating income ÷ price
Net operating income
$1,472,115
Annual, after operating expenses
Cash-on-cash
+3.7%
$233,905 annual cash flow on $6,400,500 equity
Occupancy76%
35,340 sq ft leased of 46,500 sq ft
- Tenants
- 6
- Rentable area
- 46,500 sq ft
- Price / sq ft
- $459/sq ft
- WALE
- 2.8 yrs
- Lease type
- NNN
- Building class
- Class B
- Zoning
- CBD
- Parking
- 149 spaces
Cash-on-cash assumes 30% equity, a 6.75% fixed rate and 25-year amortisation — $1,238,210 of annual debt service. Illustrative only; underwrite with the actual rent roll and operating statements.
Features & amenities
Features & finishes
Interior
- Bike Room & Showers
Systems & Efficiency
- Dedicated HVAC
Parking & Access
- Structured Parking
Highlights
- Fiber Connectivity
- Recent Capital Improvements
Price history
Every listing event recorded for this property.
- Listed
- Price cut
- Sold
| Date | Event | Price |
|---|---|---|
| 2015-01-08 | Sold | $11,862,000 |
| 2026-03-21 | Listed | $22,646,000 |
| 2026-04-12 | Price cut | $22,285,000 |
| 2026-05-07 | Price cut | $21,335,000 |
Location
Wynwood, Miami — Miami-Dade County
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Approximate location · Wynwood
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Estimated monthly
$131,474/mo
- Principal & interest81%$106,761
- Property tax14%$18,490
- Home insurance5%$6,223
An estimate, not a quote. Insurance is seeded at 0.35% of the purchase price and excludes mortgage insurance, which most lenders require below 20% down.
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Loan amount $17,068,000 · 30 yr · 6.40%
