RFR Holding Acquires Office Building In Downtown Miami For $90M
100 Biscayne Boulevard
$90,000,000
$290/SF
Building Size
310,000 SF
Asset Type
Office
Closing
Jan 13, 2022
About this deal
AI
A 310,000 square foot office property located at 100 Biscayne Boulevard in Downtown Miami has been sold for $90,000,000. The property was acquired by RFR Holding from East End Capital. The transaction took place on January 13, 2022. The office asset is situated in a prime location in Downtown Miami.
Summary of transaction details
- Property Type: Office
- Transaction Amount: $90,000,000
- Address: 100 Biscayne Boulevard
- Market: Downtown Miami
- Square Footage: 310,000
The deal was facilitated by the brokers from Cushman & Wakefield, including Adam Spies, Adam Doneger, Avery Silverstein, Mike Davis, Dominic Montazami, and Miguel Alcivar. They represented both the buyer, RFR Holding, and the seller, East End Capital. These brokers played a crucial role in ensuring the successful completion of the transaction.
Players
Miami Office Market Snapshot
Boundary boundary · Office · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.18%
Cash-on-Cash
-0.05%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93