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Property Markets Group Buys Miami Office Building For $58M

Property Image
SOLD
$58,000,000

Florida

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Office
Sold
the dealplayerscompscontact
Property Image
SOLD

Property Markets Group Buys Miami Office Building For $58M

130 SW 8th St, Miami, FL, 33130

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Office
Sold
the dealplayerscompscontact
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Summary

FLORIDA
Asset Type:Office
Transaction Type:Sale

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:

The buyer in this deal is Property Markets Group, represented by Luis Flores from Saul Ewing Arnstein & Lehr.

Players

Luis Flores
Saul Ewing Arnstein & Lehr
Luis Flores
6 deals$620.4M volume
BROKER
Property Markets Group
Property Markets Group
BUYER

Details

SOLD
IMAGE: 06/10/2022 ADDRESS: 130 SW 8th St, Miami, FL, 33130 MARKET: Miami ASSET TYPE: Office BUYER'S REP: Luis Flores(Saul Ewing Arnstein & Lehr) BUYER: Property Markets Group PRICE: $58,000,000.00

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$3,093,333.32

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$206,061.76
Cash-on-Cash Return-1.27%
Monthly Debt Service$274,949.59
Annual Debt Service$3,299,395.08