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1 Alhambra Plaza

Brandon Huffman Of Tourmaline Capital Partners Acquires Office In Coral Gables For $76M
SOLDOffice

Brandon Huffman Of Tourmaline Capital Partners Acquires Office In Coral Gables For $76M

1 Alhambra Plaza

$76,000,000

$160/SF

Building Size

473,214 SF

Asset Type

Office

Closing

Mar 18, 2025

AI

The property involved in this transaction is an office asset located at 1 Alhambra Plaza in the Coral Gables market. The transaction was executed at a price of $76,000,000.00, covering a total square footage of 473,214.0.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: $76,000,000.00
  • Address: 1 Alhambra Plaza
  • Market: Coral Gables
  • Buyer: Brandon Huffman - Tourmaline Capital Partners
  • Seller: Chris Neilson

Brandon Huffman represented Tourmaline Capital Partners in the acquisition, while Chris Neilson was the seller of the property. The transaction showcases significant involvement from both parties in the commercial real estate market.

Players

Brandon Huffman

Tourmaline Capital Partners

Buyer

$368.3M

vol

8 deals

Buyer
Banesco USA
Banesco USALender

Coral Gables Office Market Snapshot

Boundary boundary · Office · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.21%

Cash-on-Cash

-0.06%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93