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1501 Venera Avenue

Jose Isaac Peres & Marcelo Kingston Of Multiplan Real Estate Asset Management Acquire Office In Coral Gables For $17.8M
SOLDOffice

Jose Isaac Peres & Marcelo Kingston Of Multiplan Real Estate Asset Management Acquire Office In Coral Gables For $17.8M

1501 Venera Avenue

$17,800,000

$712/SF

Building Size

25,000 SF

Asset Type

Office

Closing

Mar 19, 2025

AI

The property asset involved in the transaction is located at 1501 Venera Avenue in Coral Gables. This office asset spans 25,000 square feet and has been sold for a price of $17,800,000.00.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: $17,800,000.00
  • Address: 1501 Venera Avenue
  • Market: Coral Gables
  • Square Footage: 25,000.0
  • Buyer: Jose Isaac Peres & Marcelo Kingston - Multiplan Real Estate Asset Management
  • Seller: Rosen Family

The key individuals involved in this transaction are Jose Isaac Peres and Marcelo Kingston, representing Multiplan Real Estate Asset Management, which acquired the property from the Rosen Family.

Players

P
Pgutman Brokerage

Marcelo Kingston

Multiplan Real Estate Asset Management

Buyer

$176.3M

vol

4 deals

Buyer
MM
Multiplan Real Estate Asset ManagementBuyer

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

0.89%

Cash-on-Cash

-0.25%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93