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11900 Biscayne Boulevard

Ali Ahmed Acquires Office Building In North Miami For $39M
SOLDOffice

Ali Ahmed Acquires Office Building In North Miami For $39M

11900 Biscayne Boulevard

$39,000,000

$249/SF

Building Size

156,446 SF

Asset Type

Office

Closing

Mar 27, 2023

AI

Located at 11900 Biscayne Boulevard in North Miami, this office property has been sold in a recent transaction. The deal was facilitated by Benjamin (Ben) Silver of CBRE, who represented the buyer and seller. The property spans a total of 156,446 square feet and was sold for a price of $39,000,000, resulting in a price per square foot of $249.

Summary of transaction details

  • Property Type: Office
  • Transaction Amount: $39,000,000
  • Market: North Miami
  • Buyer: Ali Ahmed
  • Seller: Ami Shashoua
  • Broker: Benjamin (Ben) Silver - CBRE
  • Square Footage: 156,446
  • Price per Square Foot: $249

This transaction involved Ali Ahmed as the buyer, Ami Shashoua as the seller, and Benjamin (Ben) Silver of CBRE as the broker. The deal was closed on 03/27/2023, and the property is located at 11900 Biscayne Boulevard in North Miami. The office property spans a total of 156,446 square feet and was sold for a price of $39,000,000, with a price per square foot of $249.

Players

Benjamin Silver

CBRE

Broker

$255.5M

vol

36 deals

Broker

Ali Ahmed

Buyer

$61.2M

vol

3 deals

Buyer

Market 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

0.41%

Cash-on-Cash

-0.12%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93