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Vault Equity Partners Acquires Office Asset From CRG In Miramar For $18.8 Million

Property Image
SOLD
$18,800,000
Jeffrey Cicurel
Alex Sharrin
+ 3

Florida

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Office56,462 SF
Sold 11/08/2024
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Property Image
SOLD

Vault Equity Partners Acquires Office Asset From CRG In Miramar For $18.8 Million

10315 Usa Today Way

See Similar Deals
Office56,462 SF
Sold 11/08/2024
Jeffrey Cicurel
Alex Sharrin
+ 3
Contact now

Summary

FLORIDA
Asset Type:Office
Price Per Square Foot:$333
Total Square Footage:56,462 SF
Transaction Type:Sale

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:

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

Ike Ojala
25 deals$2B volume(305) 774-6810
BROKER

Alex Sharrin
JLL
35 deals$908M volume(305) 913-5545
BROKER

Jeffrey Cicurel
JLL
14 deals$244.3M volume(773) 573-8118
BROKER

Blake Koletic
JLL
17 deals$1.5B volume
BROKER

Hunter Smith
JLL
14 deals$1.2B volume
BROKER

Noel O'Donnell
JLL
4 deals$115M volume(305) 448-1333
BROKER

Details

SOLD
IMAGE: Jeffrey Cicurel, Ike Ojala, Alex Sharrin, Noel O'Donnell, Blake Koletic & Hunter Smith DATE: 11/08/2024 ADDRESS: 10315 Usa Today Way MARKET: Miramar ASSET TYPE: Office BUYER: Vault Equity Partners SELLER: CRG (@CRG_Real_Estate) BROKERS: Alex Sharrin, Jeffrey Cicurel, Ike Ojala, Hunter Smith (@HunterSmith888), Noel O'Donnell & Blake Koletic (@BlakeKoletic) - JLL (@JLL) SALE PRICE: $18,800,000 SF: 56,462 ~ PPSF: $332 'Donnell

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$1,002,666.67

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$66,792.42
Cash-on-Cash Return-1.27%
Monthly Debt Service$89,121.59
Annual Debt Service$1,069,459.10