Adam Neumann & Mark Lapidus Acquire Office Property In Downtown Miami From Landlord

697 North Miami Avenue

Office

20,980 SF

Financed 1 year ago

Summary

Loan

FLORIDA

Office

20,980 sqft

Adam Neumann & Mark Lapidus have secured a construction loan worth $108,000,000 for their office property located at 697 N Miami Avenue in Downtown Miami. The property spans approximately 20,980 square feet and consists of 444 units.

Summary of transaction details

Property Type: Office
Transaction Amount: $108,000,000
Address: 697 N Miami Avenue
Market: Downtown Miami
Square Footage: 20,980
Units: 444

The construction loan was provided by CIM Group, while Adam Neumann & Mark Lapidus serve as the landlords for the property.

Players

All
1

Lenders
1

CIM Group

Details

Deal Summary

FINANCED

IMAGE: Adam Neumann & Mark Lapidus DATE: 02/23/2022 ADDRESS: 697 N Miami Avenue MARKET: Downtown Miami ASSET TYPE: Office ~ SF: 20,980 ~ UNITS: 444 LENDER: CIM Group LANDLORD: Adam Neumann & Mark Lapidus LOAN AMOUNT: $108,000,000 LOAN TYPE: Construction Loan

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Address697 North Miami Avenue

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