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
About this deal
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
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