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11731 Mills Dr, Kendall, FL...

Green Cos Acquires Office Building In Kendall For $13.2M
SOLDOffice

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

Emily Brais

Avison Young

Broker

$97.1M

vol

9 deals

Broker
Nuveen
NuveenSeller

Kendall Office Market Snapshot

Boundary boundary · Office · Sale transactions

Loading comparables…

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