Triarch Capital Group Acquires Office Property At 19495 Biscayne Blvd In Aventura For $35M
19495 Biscayne Blvd, Miami, FL 33180, USA
$35,000,000
$255/SF
Building Size
137,004 SF
Asset Type
Office
Closing
May 12, 2020
AI
The office property located at 19495 Biscayne Blvd in Aventura has been involved in a recent transaction. The property spans a total of 137,000 square feet and was purchased by Triarch Capital Group. The lender for this transaction was Nationwide Life Insurance. The notable tenant occupying the office space is @Chase. The transaction amount for this deal was $35,000,000.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $35,000,000
- Address: 19495 Biscayne Blvd
- Market: Aventura
- Lender: Nationwide Life Insurance
- Landlord: Triarch Capital Group
- Tenant: @Chase
- Brokers: Paul Ahmed & Mackenzie Fry - CBRE
- Square Footage: 137,000
This transaction was facilitated by brokers Paul Ahmed and Mackenzie Fry of CBRE. They represented the buyer and seller in the deal, ensuring a successful transaction for all parties involved.
Players
Miami Office Market Snapshot
Boundary boundary · Office · Loan transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.45%
Cash-on-Cash
-0.13%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93