Updated Oct 29, 2024
CP Group Acquires Property At 100 SE 2nd St Miami For $163M With Dominic Montazemi's Representation
100 SE 2nd St, Miami, FL, 33131
$163,000,000
$256/SF
Building Size
636,000 SF
Asset Type
Commercial
Closing
Jul 1, 2022
About this deal
AI
The property asset involved in this transaction is located at 100 SE 2nd St, Miami, FL, 33131. It was sold for a price of $163,000,000.00 and encompasses a total of 636,000 square feet within the Miami market.
Summary of transaction details:
- Property Type: Not specified
- Transaction Amount: $163,000,000.00
- Address: 100 SE 2nd St, Miami, FL, 33131
- Market: Miami
- Square Footage: 636,000
- Seller's Representative: Dominic Montazemi - Cushman & Wakefield
- Buyer: CP Group
The transaction involved key representatives, with Dominic Montazemi from Cushman & Wakefield acting on behalf of the seller, while the buyer in this deal was CP Group. The transaction highlights the roles of these entities in the successful completion of the sale.
Players
Miami Commercial Market Snapshot
Boundary boundary · Commercial · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.10%
Cash-on-Cash
-0.03%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93