Green Cos Acquires Office Building In Kendall For $13.2M
11731 Mills Dr, Kendall, FL, USA
$13,200,000
$208/SF
Building Size
63,206 SF
Asset Type
Office
Closing
Dec 8, 2019
AI
A 63,206 square foot office property located at 11731 Mills Dr in the Kendall market has been sold for $13,200,000. The property was purchased by Green Cos from Nuveen. The sale was facilitated by brokers John Crotty, David Duckworth, Michael Fay, Brian de la Fé, Berkley Bloodworth, and Emily Brais from Avison Young. The price per square foot for the transaction was $208.
Summary of transaction details
- Property Type: Office
- Transaction Amount: $13,200,000
- Address: 11731 Mills Dr
- Market: Kendall
The sale of the office property at 11731 Mills Dr in the Kendall market involved the purchase of a 63,206 square foot space by Green Cos from Nuveen. The transaction was facilitated by brokers John Crotty, David Duckworth, Michael Fay, Brian de la Fé, Berkley Bloodworth, and Emily Brais from Avison Young.
Players
Kendall 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
1.20%
Cash-on-Cash
-0.34%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93