Moishe Mana Acquires Museum Tower Office Building In Miami For $73.75 Million

Moishe Mana, founder of Moishe's Moving Systems and GRM Document Management, has acquired Miami's Museum Tower, a 243,825-square-foot office building, for $73.75 million. The property was purchased from Bridge Investment Group and is 92.1% occupied by tenants, including law firms, with plans for an affiliate of Mana Properties to lease additional space, increasing the net operating income and cap rate of the building.

Summary of transation details:

• Property Type: Office
• Transaction Amount: $73.75 million
• Address: 150 W Flagler St, Miami, FL 33130, USA
• Market: N/A
• Units: N/A
• Price Per Unit: Infinity$
• Square Feet: 243,825
• Price Per Square Foot: Infinity$

Moishe Mana, the founder of Moishe's Moving Systems and GRM Document Management, has successfully acquired Museum Tower in Miami for $73.75 million. The property, a 243,825-square-foot office building, was purchased from Bridge Investment Group. Currently, the building is occupied by tenants, including law firms, with an occupancy rate of 92.1%. An affiliate of Mana Properties has plans to lease additional space, which will contribute to an increase in the net operating income and cap rate of the building.