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Green Cos Acquires Office Building In Kendall For $13.2M

Property Image
SOLD
$13,200,000
John Crotty
Emily Brais
+ 3

Florida

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Office63,206 SF
Sold 12/09/2019
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Property Image
SOLD

Green Cos Acquires Office Building In Kendall For $13.2M

11731 Mills Dr, Kendall, FL, USA

See Similar Deals
Office63,206 SF
Sold 12/09/2019
John Crotty
Emily Brais
+ 3
Contact now

Summary

FLORIDA
Asset Type:Office
Price Per Square Foot:$208
Total Square Footage:63,206 SF
Transaction Type:Sale

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

Emily Brais
9 deals$97.1M volume(905) 474-1155
BROKER

John Crotty
Avison Young
51 deals$1.5B volume(305) 345-9567
BROKER

Michael Fay
Avison Young
49 deals$1.4B volume(305) 447-7842
BROKER

Berkley Bloodworth
Avison Young
12 deals$146.2M volume
BROKER

David Duckworth
Avison Young
44 deals$1.2B volume
BROKER

Brian de la Fé
Avison Young
46 deals$1.3B volume(305) 476-7134
BROKER

Nuveen
SELLER

Details

SOLD
IMAGE: John Crotty, Michael Fay, David Duckworth, Brian de la Fé, Berkley Bloodworth & Emily Brais DATE: 12/09/2019 ADDRESS: 11731 Mills Dr MARKET: Kendall ASSET TYPE: Office SELLER: Nuveen BUYER: Green Cos BROKERS: John Crotty, David Duckworth, Michael Fay, Brian de la Fé, Berkley Bloodworth, Emily Brais - Avison Young PRICE: $13,200,000 SF: 63,206 ~ PPSF: $208

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

$703,999.99

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$46,896.82
Cash-on-Cash Return-1.27%
Monthly Debt Service$62,574.73
Annual Debt Service$750,896.81