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
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