Zentrix Industries Ltd. Acquires Mixed-use Property In Miami For $24.1M
315 South Biscayne Boulevard, Miami, FL, USA
$24,100,000
$701/SF
Building Size
34,341 SF
Asset Type
Mixed-use
Closing
Jul 8, 2021
About this deal
AI
315 South Biscayne Boulevard, a mixed-use property located in Miami, has been sold for $24,100,000. The transaction took place on July 9, 2021, and the property spans across 34,341 square feet. The sale price per square foot was $702. The buyer of the property was Zentrix Industries Ltd., while the seller was The Related Group, represented by Jorge & J.P. Pérez. The deal was facilitated by brokers David Wigoda and Sean Kelly from CBRE.
Summary of transaction details
- Property Type: Mixed-use
- Transaction Amount: $24,100,000
- Address: 315 South Biscayne Boulevard, Miami
- Market: Miami
- Buyer: Zentrix Industries Ltd.
- Seller: The Related Group - Jorge & J.P. Pérez
- Brokers: David Wigoda & Sean Kelly - CBRE
- Square Footage: 34,341
- Price Per Square Foot: $702
The transaction involved several key individuals and companies. David Wigoda and Sean Kelly from CBRE represented the seller, The Related Group, while the buyer, Zentrix Industries Ltd., conducted the deal. This sale showcases the active real estate market in Miami and the significance of mixed-use properties in the region.
On the Map
$24,100,000
$701/SF
Mixed-use
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Miami Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.66%
Cash-on-Cash
-0.19%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93