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1200 Brickell Avenue

Sergio Roitberg Acquires Package Deal At 1200 Brickell Avenue In Miami For $7.5M
SOLDOffice

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

Fabio Faerman

FA Commercial

Broker

$271.8M

vol

63 deals

Broker

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