Interior
- Bathrooms
- 0
Active · Office
$25,000,000
5020 Biscayne Boulevard, Miami, FL 33137
- Beds
- —
- Baths
- 0
- Living area
- — sq ft
- $ / sq ft
- —
- Year built
- 1949
- Lot size
- 21,780 sq ft
- HOA fee
- —
- Annual tax
- —
About this property
Investment Grade-Credit Tenant, 1.5 Year Lease left-Commercial Zoned C-1 Building, Private Gated- State of the Art Recording Studio-Half Acre Lot, 16 Parking Spaces, 34 Camera Security System, 5+ Offices, 8 Restrooms, 2 Conference, 3 Artist lounges W/ Kitchenettes. 4,500SF Studio for Video & Photography, with over $500,000 Of Equipment, SSL (Solid State Logic) 9000 J Series recording and mixing console; Active Mains (studio loud speakers, valued over $20,000 a pair) 4 Fully Equipped isolation rooms with fully wired microphone and DI panels -TT patch bay -Non-right angular wall construction (this is to diffuse sound waves in non parallel angles)-Discrete walls for artist privacy-Electrical outlets installed with ground pins on top-Prime Location in the heart of the Design District.
Property location
Get Directions5020 Biscayne Boulevard, Miami, FL 33137
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Facts & features
Exterior & Structure
- Property type
- Office
- Year built
- 1949
- Lot size
- 21,780 sq ft
Parking
Not provided in the MLS listing.
HOA, Community & Financials
- County
- Miami-Dade
- MLS listing ID
- R10941072
- Listing status
- Active
Investment intelligence
Yield & ROI calculator
Pre-filled from this listing's price, HOA and tax record. Adjust anything to see returns update instantly.
Estimated monthly cash flow
-$48,929
- Cap rate
- 3.3%
- Net yield
- 3.3%
- Cash-on-cash return
- -8.4%
- Gross yield
- 6.6%
- Mortgage payment
- $118,513/mo
- Down payment
- $6,250,000
- Loan amount
- $18,750,000
- Annual NOI
- $835,000
Estimates only — includes 5% maintenance reserve and ~3% closing costs in cash invested. Verify taxes, HOA and insurance before making an offer.