IM Data Centers Acquires Office Property In Miami For $15.8M
100 Northeast 80th Terrace, Miami, FL 33138
$15,800,000
$174/SF
Building Size
90,320 SF
Asset Type
Office
Closing
Oct 18, 2021
About this deal
AI
IM Data Centers has acquired an office asset located at 100 NE 80th Terrace in Miami. The property, which was sold by Florida East Coast Realty, was sold for a total price of $15,800,000. The office space spans 90,320 square feet, valuing it at $175 per square foot.
Summary of transaction details
- Property Type: Office
- Transaction Amount: $15,800,000
- Market: Miami
- Address: 100 NE 80th Terrace
The buyer, IM Data Centers, completed the transaction on 10/18/2021 with the seller, Florida East Coast Realty. Wayne R. Hollo represented the seller in the deal.
On the Map
$15,800,000
$174/SF
Office
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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
1.00%
Cash-on-Cash
-0.29%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93