Randall Davis Acquires Office Building On 1221 Brickell Ave, Miami
1221 Brickell Avenue, Miami, Florida 33131, United States
$286,500,000
$436/SF
Building Size
656,821 SF
Asset Type
Office
Closing
Jun 23, 2022
About this deal
AI
The office property located at 1221 Brickell Ave in Miami has been sold in a recent transaction. The property spans a total area of 656,821 square feet. The sale took place on June 24, 2022, with Randall Davis as the buyer and Rockpoint as the seller. The transaction was finalized for a sale price of $286,500,000, resulting in a price per square foot of $436.
Summary of transation details
- Property Type: Office
- Transaction Amount: $286,500,000
- Property Size: 656,821 square feet
- Price per Square Foot: $436
- Buyer: Randall Davis
- Seller: Rockpoint
This transaction showcases the involvement of key individuals and companies in the deal. Randall Davis represented the buyer's interests, while Rockpoint acted as the seller's representative.
On the Map
$286,500,000
$436/SF
Office
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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
0.06%
Cash-on-Cash
-0.02%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93