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
About this deal
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.
The office sale at 130 SW 8th St, Miami, FL, 33130 in Miami, Florida sold for $58M in 2022. 130 SW 8th St, Miami, FL, 33130 is classified as Office on Traded. Luis Flores, Saul Ewing Arnstein & Lehr appear on the sale alongside Saul Ewing Arnstein & Lehr. This page is the Miami, Florida file for the 130 SW 8th St, Miami, FL, 33130 office sold: pricing, party profiles, and other closed office comps from the same Miami sit in the Market section below. Filter that Miami office set by closing date to see what else sold near 130 SW 8th St, Miami, FL, 33130 around 2022. Published consideration for 130 SW 8th St, Miami, FL, 33130 is $58M, dated 2022. Cite this Property Markets Group Buys Miami Office Building For $58M sale when underwriting similar office product around Miami, Florida.
On the Map
$58,000,000
Office
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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
0.27%
Cash-on-Cash
-0.08%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93