SOLDOffice
Property Markets Group Buys Miami Office Building For $58M
130 SW 8th St, Miami, FL, 33130
$58,000,000
Building Size
—
Asset Type
Office
Closing
Jun 10, 2022
AI
The property involved in this transaction is an office located at 130 SW 8th St, Miami, FL, 33130. The asset sold for $58,000,000.00 in the Miami market.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $58,000,000.00
- Buyer: Property Markets Group
- Buyer's Representative: Luis Flores(Saul Ewing Arnstein & Lehr)
The buyer in this deal is Property Markets Group, represented by Luis Flores from Saul Ewing Arnstein & Lehr.
Players
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
0.27%
Cash-on-Cash
-0.08%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93