Värde Partners Provides $71.6M Loan For Office Property At 1 Alhambra Plaza In Miami
1 Alhambra Plaza, Coral Gables, Miami-Dade, FL, USA
$71,600,000
$276/SF
Building Size
258,736 SF
Asset Type
Office
Closing
Dec 15, 2020
About this deal
AI
An office property located at 1 Alhambra Plaza in Miami has been involved in a recent closed transaction. The property spans a total area of 263,200 square feet.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $71,600,000
- Market: Miami
The loan for this transaction was provided by Värde Partners. The loan amount was $71,600,000, and the terms of the loan were set at 4 years with a floating interest rate.
The landlord in this transaction is USAA Real Estate. JLL Capital Markets represented all parties involved in the deal, including Paul Stasaitis, Wally Reid, Gerard Sansosti, and Reid Carleton.
On the Map
$71,600,000
$276/SF
Office
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Players
Coral Gables Office Market Snapshot
Boundary boundary · Office · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.22%
Cash-on-Cash
-0.06%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93