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545 Northwest 26th Street

Ken Griffin And Scott Srebnick Secure $118 Million Loan For 545 Wyn Office Building In Miami
FINANCEDOffice

Ken Griffin And Scott Srebnick Secure $118 Million Loan For 545 Wyn Office Building In Miami

545 Northwest 26th Street

$118,000,000

$236/SF

Building Size

499,370 SF

Asset Type

Office

Closing

Mar 18, 2026

AI

The property asset involved in the transaction is a 10-story office building located at 545 Northwest 26th Street in Miami. The asset encompasses 499,370 square feet and includes both office and retail space. It was recently acquired for $180 million from Sterling Bay.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: $118,000,000
  • Lender: J.P. Morgan Chase
  • Landlord: Ken Griffin - Citadel
  • Co-Owner: Scott Srebnick - Goldman Properties
  • Leased Tenants: Sony Music Group, Gensler, Gemini

Ken Griffin from Citadel and Scott Srebnick from Goldman Properties secured a loan from J.P. Morgan Chase three months after the acquisition of the property. This transaction highlights the collaboration between prominent figures in the real estate market.

Players

J.P. Morgan Chase
J.P. Morgan ChaseLender

Ken Griffin

Citadel

Landlord

$993M

vol

20 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

0.13%

Cash-on-Cash

-0.04%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93