Fortune International Realty Represents Both Buyer And Seller In $7M Office Sale On Brickell Avenue
1200 Brickell Avenue
$7,000,000
$300/SF
Building Size
23,322 SF
Asset Type
Office
Closing
Jan 31, 2023
AI
The office property located at 1200 Brickell Avenue in Miami has been sold in a recent transaction. The property spans a total area of 23,322 square feet and was sold for a price of $7,000,000, resulting in a price per square foot of $300. The transaction took place on January 31, 2023.
Summary of transaction details
- Property Type: Office
- Sale Price: $7,000,000
- Square Footage: 23,322
- Price per Square Foot: $300
- Address: 1200 Brickell Avenue, Miami
The buyer's representative for this transaction was Rodrigo Gomez from AG Real Estate Advisors. Both the buyer and seller were represented by Fabio Faerman and Sebastian Faerman from Fortune International Realty.
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
2.27%
Cash-on-Cash
-0.65%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93