Gatsby Enterprises Acquires 800 Brickell Ave Miami From RAR2 800 Brickell LLC For $125.5M
800 Brickell Ave, Miami, FL, 33131
$125,500,000
$600/SF
Building Size
209,122 SF
Asset Type
—
Closing
Nov 19, 2023
About this deal
AI
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.
On the Map
$125,500,000
$600/SF
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Players
Miami CRE Market Snapshot
Boundary boundary · CRE · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.13%
Cash-on-Cash
-0.04%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93