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21291 Northeast 28th Avenue...

Gomez Development Group Secures $45M Construction Loan For Medical Office In Aventura
FINANCEDOffice

Gomez Development Group Secures $45M Construction Loan For Medical Office In Aventura

21291 Northeast 28th Avenue, Aventura, FL, USA

$45,000,000

$170/SF

Building Size

263,371 SF

Asset Type

Office

Closing

Oct 26, 2021

AI

The medical office property located at 21291 NE 28th Ave in Aventura has recently completed a closed transaction. Spanning 263,371 square feet and sitting on 1.63 acres, this property offers ample space for medical professionals to serve their patients. The deal involved a construction loan provided by ParkView Financial, with a loan amount of $45,000,000. The lender saw the potential in this property and supported its development.

Summary of transaction details

  • Property Type: Medical Office
  • Transaction Amount: $45,000,000
  • Address: 21291 NE 28th Ave
  • Market: Aventura
  • Size: 263,371 square feet
  • Acres: 1.63

Gomez Development Group, led by Marlon Gomez, played a key role as the landlord in this transaction. Their expertise and vision in the development of the medical office property attracted the attention of ParkView Financial, who provided the construction loan. Marlon Gomez's leadership and guidance ensured the successful completion of this deal.

Players

Parkview Financial
Parkview FinancialLender

Marlon Gomez

Gomez Development Group

Landlord

$122.5M

vol

7 deals

Landlord

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

0.35%

Cash-on-Cash

-0.10%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93