Sergio Roitberg Acquires Package Deal At 1200 Brickell Avenue In Miami For $7.5M
1200 Brickell Avenue
$7,525,000
$578/SF
Building Size
13,000 SF
Asset Type
Office
Closing
Nov 29, 2023
AI
Sergio Roitberg has purchased a package deal consisting of the 10th and 11th floors of the 1200 Brickell Avenue office building in Miami. The sale, facilitated by FA Commercial, was completed for a total price of $7,525,000. The transaction involves a total area of 23,322 square feet, resulting in a price per square foot of $323.
Summary of transaction details
- Property Type: Package Deal
- Transaction Amount: $7,525,000
- Address: 1200 Brickell Avenue
- Market: Miami
Sebastian Faerman and Fabio Faerman from FA Commercial, along with Walter De Fortuna, represented the buyer in this transaction. On the seller's side, Rodrigo Gomez from AG Real Estate Advisors handled the deal. This acquisition marks another full office floor transaction completed by FA Commercial at the 1200 Brickell office building, bringing the total historic volume at the same building to $38M and approximately 97,000 square feet.
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
2.11%
Cash-on-Cash
-0.60%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93