Miami-Dade Authorities have Disclosed that the Property Located at 5959 NW 7 St, Miami, FL 33126 was Traded on December 28, 2017

This is a news story only, not a listing.

It has been officially reported that the property located at 5959 NW 7 St in Miami within zip code 33126 and with the folio number 01-0510-004-0010 sold on December 28, 2017. The sale type was recorded as "Qual on DOS, multi-parcel sale." Sales prices as recorded by the property appraiser frequently do not represent the whole story; thus full transaction details should be confirmed with the parties. In particular for this commercial property sale, since this is noted by the county as a multi-parcel sale, it is likely that the price reported as paid is for more than just this one folio. Specific information about the buyer and seller in this transaction may be found by navigating to our property appraiser links for this property, clicking through on the link to "Main Page with Lot Outline, Aerial Views," then clicking through on the applicable sale on the date December 28, 2017 and with an amount of $88,000,000.00 about two thirds down the page, under the heading "Sales Information."

When considering this 5959 NW 7 St property sale one should consider other properties within its zip code 33126, some of which are currently for sale in this same zip code, as well as off-market listings in the area. Information on prior sales of area properties as well as current listings can be useful to gauge area pricing, but are not perfectly reliable. Current zip code 33126 demographics information, with a dizzying array of charts, can be informative, as can the Zip Code 33126 Commercial Property Investment Profile page, displaying metrics on sales trends, turnover, and more. Demographics for Miami, the South Florida city in which the property is located, may also be worth reviewing.

Commercial properties that are currently listed in zip code 33126 can also give a representation of current market value, although it should be noted that actual selling prices are a better indicator as an asking price for any property is only that, an asking price. It can also prove insightful to view other commercial property holdings of and other information related to the property's recent ownership . Finally, a review of nearby businesses and resources and area traffic levels can be insightful, allowing the prospective buyer to quickly get a feel for area commerce and resources.

A birdseye view of the property is displayed above and a street map of the location is below. Additional information on this property, including other sales transactions amounts and links directly to pages for this property at the Miami-Dade County Property Appraiser website, can be found at this site's information page for this property. Note that the above birdseye aerial view and map herein were generated using the address recorded with the county property appraiser for the folio entered for this listing and that they are provided on a best efforts basis only and are not guaranteed.

Update: This 5959 NW 7 St property in Miami within the zip code 33126 in Florida has subsequently been reported by the Miami-Dade Property Appraiser to have 161,388 adjusted square feet of building that was built in 1962 showing an effective year built of 2005. This 161,388 adjusted square footage of building puts it in the 150,000 to 200,000 square feet range. Having 197,904 square feet of lot, one would generally place it in a 175,000 to 200,000 square feet (lot size) range. Further, again on a date after the sale, the property is referenced by Miami-Dade county as zoned 8000 - COMMUNITY FACILITIES with a land use of 7343 - HOSPITAL - PRIVATE : HEALTH CARE. This Miami-Dade reference for zoning is believed to translate into CI zoning in Miami, Florida, information about which may be found here. Any such (CI zoned properties) in may be found here. Note that since this was reported subsequent to the sale, it is possible these were different at the time of the sale. Further, other commercial properties are now offered for purchase near this one, including those with the addresses 190 NW 79th Ave, 351 NW 42nd Ave # 407, 3939 NW 7th St, 4599 NW 7th St, 475 Le Jeune Rd, 777 NW 72nd Ave # 1001, 895 NW 45th Ave, and others.