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.
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