Updated Oct 19, 2026
Moishe Mana Acquires Commercial Property In Miami For $27.2M From Seller Jose Saal - TIR Prime Properties
62 Northeast 1st Avenue, Miami, FL, USA
$27,200,000
$294/SF
Building Size
92,458 SF
Asset Type
Commercial
Closing
Jun 10, 2020
About this deal
AI
The transaction involved a commercial property located at 62 Northeast First Street and 41 East Flagler Street in Miami. The asset encompasses a total square footage of 92,458 and was sold at a price of $27,200,000, which translates to a price per square foot of $294.
Summary of transaction details:
- Property Type: Commercial
- Transaction Amount: $27,200,000
- Address: 62 Northeast First Street & 41 East Flagler Street
- Market: Miami
- Square Footage: 92,458
- Price Per Square Foot: $294
- Buyer: Moishe Mana
- Seller: Jose Saal - TIR Prime Properties
- Date of Sale: 06/10/2021
Key individuals in this transaction include the buyer Moishe Mana and the seller Jose Saal, who is affiliated with TIR Prime Properties. Their involvement facilitated the successful closing of this commercial property deal in the Miami market.
On the Map
$27,200,000
$294/SF
Commercial
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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
0.58%
Cash-on-Cash
-0.17%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93