Prologis Acquires Office Building In Miami For $12.4M
12496 Northwest 25th Street, Miami, FL, USA
$12,430,000
$122/SF
Building Size
101,634 SF
Asset Type
Office
Closing
Jan 11, 2021
About this deal
AI
The property asset involved in the transaction is an office located at 12496 Northwest 25th Street, Miami, with a transaction price of $12,430,000. It encompasses a total area of 101,634 square feet, resulting in a price per square foot of $122.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $12,430,000
- Address: 12496 Northwest 25th Street
- Market: Miami
- Square Footage: 101,634
- Price Per Square Foot: $122
- Buyer: Prologis - Hamid Moghadam
- Seller: Amerant Bank - Millar Wilson
- Date of Transaction: 01/12/2021
The transaction involved Hamid Moghadam representing the buyer, Prologis, while Millar Wilson represented the seller, Amerant Bank, establishing the key individuals in the deal.
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
1.28%
Cash-on-Cash
-0.36%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93