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1200 Brickell Avenue

Oak Capital Acquires Office Building On Brickell Avenue, Miami For $4.1M From Seller Noland Langford
SOLDOffice

Oak Capital Acquires Office Building On Brickell Avenue, Miami For $4.1M From Seller Noland Langford

1200 Brickell Avenue

$4,100,000

$175/SF

Building Size

23,322 SF

Asset Type

Office

Closing

Jan 31, 2023

AI

The office property located at 1200 Brickell Avenue in Miami was recently sold in a transaction facilitated by Sebastian Faerman and Fabio Faerman of FA commercial, along with Rodrigo Gomez of AG Advisors. The buyer, Ricardo Dunin of Oak Capital, acquired the property from Noland Langford. The sale price for the property was $4,100,000, with a total square footage of 11,745 and a price per square foot of $349.

Summary of transaction details

  • Property Type: Office
  • Transaction Amount: $4,100,000
  • Square Footage: 11,745
  • Price per Square Foot: $349
  • Address: 1200 Brickell Avenue, Miami

The sale of the property at 1200 Brickell Avenue involved key individuals in the deal, including buyer Ricardo Dunin of Oak Capital and seller Noland Langford. Facilitating the transaction were Sebastian Faerman and Fabio Faerman of FA commercial, as well as Rodrigo Gomez of AG Advisors.

Players

Fabio Faerman

FA Commercial

Broker

$271.8M

vol

63 deals

Broker
Ricardo Dunin

Ricardo Dunin

Oak Capital

Buyer

$279.3M

vol

6 deals

Buyer

Miami 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

3.87%

Cash-on-Cash

-1.11%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93