Kushner Companies Acquires Property In Miami Springs For $190 Million With Seller's Rep Kevin O’Hearn
2005 Quail Ridge Dr, Princeton Meado...
$190,000,000
$241/SF
Building Size
787,992 SF
Asset Type
—
Closing
Nov 20, 2023
About this deal
AI
The property asset involved in this transaction is located at 2005 Quail Ridge Dr, Miami Springs, with a sale price of $190,000,000.00. The asset encompasses 787,992 square feet, indicating its substantial size within the market.
Summary of transaction details:
- Property Type: Sale
- Transaction Amount: $190,000,000.00
- Address: 2005 Quail Ridge Dr, Miami Springs
- Square Footage: 787,992
- Seller's Representative: Kevin O’Hearn (JLL)
- Buyer: Kushner Companies
This transaction involved key individuals and companies, notably Kevin O’Hearn from JLL who represented the seller. The buyer in this deal is Kushner Companies, indicating a notable engagement in the Miami Springs market.
On the Map
$190,000,000
$241/SF
View full map
Players
Miami Springs CRE Market Snapshot
Boundary boundary · CRE · Sale transactions
Loading comparables…
Deal FAQ
Visit Michael Oliver to view all their deals.
Browse Miami Springs sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.08%
Cash-on-Cash
-0.02%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93