Moishe Mana Acquires Office Building In Miami For $73.75M
150 West Flagler Street
$73,750,000
$302/SF
Building Size
243,825 SF
Asset Type
Office
Closing
May 11, 2023
AI
The office property located at 150 West Flagler Street in Miami has been sold in a transaction. The property spans a total of 243,825 square feet and was sold for a price of $73,750,000, resulting in a per square foot price of $302. The sale involved the buyer Moishe Mana and the seller Bridge Investment Group.
Summary of transation details
- Property Type: Office
- Transaction Amount: $73,750,000
- Address: 150 West Flagler Street
- Market: Miami
- Square Footage: 243,825 SF
The buyer was represented by Mika Mattingly and Cecilia Estevez from Colliers International. On the other hand, Christian "Chris" Lee, Sean Kelly, Marcos Minaya, and Tom Rappa from CBRE acted as the seller's representatives in this transaction.
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
0.22%
Cash-on-Cash
-0.06%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93