Marinus Limited And Fana Surf Club LLC Acquire Condo From Nadim Ashi For $103.5M
9165 Collins Avenue
$103,500,000
Building Size
—
Asset Type
Condo
Closing
May 1, 2026
AI
The transaction involves a condo located at 9165 Collins Avenue in Surfside, which was sold for $103,500,000. This sale contributes to the ongoing trend of high-end real estate transactions in the area, specifically within the 34-unit development designed by ODP Architecture and led by Nadim Ashi’s firm.
Summary of transation details:
- Property Type: Condo
- Transaction Amount: $103,500,000
- Buyer: Marinus Limited & Fana Surf Club LLC
- Seller: Nadim Ashi - Fort Partners
This sale marks a significant moment for Fort Partners, which previously achieved a notable $64.5 million sale of a penthouse at Seaway at Surf Club North to Marinus Limited. The performance of properties in this development demonstrates a strong demand for luxury condos in Surfside.
Players
Surfside Condo Market Snapshot
Boundary boundary · Condo · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.15%
Cash-on-Cash
-0.04%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93