Gatsby Enterprises Acquires 800 Brickell Ave Miami From RAR2 800 Brickell LLC For $125.5M
SOLD
Florida
See Similar Deals209,122 SF
SOLD
Gatsby Enterprises Acquires 800 Brickell Ave Miami From RAR2 800 Brickell LLC For $125.5M
800 Brickell Ave, Miami, FL, 33131
See Similar Deals209,122 SF
Summary
FLORIDA
Price Per Square Foot:$600
Total Square Footage:209,122 SF
Transaction Type:Sale
The property located at 800 Brickell Ave, Miami, FL, 33131 spans a total square footage of 209,122 and has been transacted for a price of $125,500,000.00. This asset is situated in the Miami market.
Summary of transaction details:
- Property Type: Sale
- Transaction Amount: $125,500,000.00
- Address: 800 Brickell Ave, Miami, FL, 33131
- Market: Miami
- Square Footage: 209,122
- Seller: RAR2 800 Brickell LLC
- Buyer: Gatsby Enterprises
- Seller's Representatives: Amy Julian (CBRE), Andrew Chilgren (CBRE)
The transaction involved key players including Gatsby Enterprises as the buyer and RAR2 800 Brickell LLC as the seller. The deal was facilitated by representatives from CBRE, specifically Amy Julian and Andrew Chilgren, who acted on behalf of the seller in this transaction.
Players
BUYER
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$6,693,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$445,875.00
Cash-on-Cash Return-1.27%
Monthly Debt Service$594,934.03
Annual Debt Service$7,139,208.33
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