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

Property Image
SOLD
$39,000,000

Florida

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Office156,446 SF
Sold 03/27/2023
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Property Image
SOLD

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

11900 Biscayne Boulevard

See Similar Deals
Office156,446 SF
Sold 03/27/2023
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Summary

FLORIDA
Asset Type:Office
Price Per Square Foot:$249
Total Square Footage:156,446 SF
Transaction Type:Sale

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 (Ben) Silver
36 deals$255.5M volume(786) 999-4541
BROKER

Details

SOLD
IMAGE: Benjamin (Ben) Silver DATE: 03/27/2023 ADDRESS: 11900 Biscayne Boulevard MARKET: North Miami ASSET TYPE: Office BUYER: Ali Ahmed SELLER: Ami Shashoua BROKER: Benjamin (Ben) Silver (@Bejammin17) - CBRE (@CBRE) SALE PRICE: $39,000,000 SF: 156,446 ~ PPSF: $249

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

$2,080,000.01

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$138,558.76
Cash-on-Cash Return-1.27%
Monthly Debt Service$184,879.90
Annual Debt Service$2,218,558.76