facebook

traded

+ Submit
Home

/

Deals

/

Florida

/

Office

/

Sale

/

1221 Brickell Avenue, Miami...

Randall Davis Acquires Office Building On 1221 Brickell Ave, Miami
SOLDOffice

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

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.

Players

Randall Davis

Buyer

$649.5M

vol

3 deals

Buyer
Rockpoint Group
Rockpoint GroupLender

Miami Office Market Snapshot

Boundary boundary · Office · Sale transactions

Loading comparables…

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