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
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