Vault Equity Partners Acquires Office Asset From CRG In Miramar For $18.8 Million
10315 Usa Today Way
$18,800,000
$333/SF
Building Size
56,462 SF
Asset Type
Office
Closing
Nov 8, 2024
AI
The property asset involved in this transaction is an office located at 10315 Usa Today Way in the Miramar market, covering a total area of 56,462 square feet. The sale was concluded for a price of $18,800,000, which translates to a price per square foot of $332.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $18,800,000
- Address: 10315 Usa Today Way
- Market: Miramar
- Square Footage: 56,462
- Price per Square Foot: $332
- Buyer: Vault Equity Partners
- Seller: CRG
- Brokers: Alex Sharrin, Jeffrey Cicurel, Ike Ojala, Hunter Smith, Noel O'Donnell & Blake Koletic - JLL
Key individuals involved in the transaction include Vault Equity Partners as the buyer and CRG as the seller, with representation provided by brokers from JLL including Alex Sharrin, Jeffrey Cicurel, Ike Ojala, Hunter Smith, Noel O'Donnell, and Blake Koletic. This team facilitated the transaction, providing expertise in the office market.
Players
Miramar 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
0.84%
Cash-on-Cash
-0.24%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93