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19495 Biscayne Blvd, Miami,...

Triarch Capital Group Acquires Office Property At 19495 Biscayne Blvd In Aventura For $35M
FINANCEDOffice

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

Mackenzie Fry

CBRE

Broker

$76.7M

vol

7 deals

Broker
Chase Bank
Chase BankLender

Miami 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

0.45%

Cash-on-Cash

-0.13%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93