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18851 NE 29th Ave, Aventura...

Grant Cardone's ArdoneCapital Acquires Office In Aventura For $93M
SOLDOffice

Grant Cardone's ArdoneCapital Acquires Office In Aventura For $93M

18851 NE 29th Ave, Aventura, FL, USA

$93,000,000

$175/SF

Building Size

528,954 SF

Asset Type

Office

Closing

Jun 1, 2020

AI

The 3.8-acre office property located at 18851 NE 29th Ave. in Aventura has been sold in a recent transaction. The sale took place on June 1, 2021, and was captured in an Instagram post by Grant Cardone.

Summary of transaction details

  • Property Type: Office
  • Address: 18851 NE 29th Ave., Aventura
  • Market: Aventura
  • Sale Price: $93,000,000
  • Buyer: Grant Cardone - ardoneCapital
  • Seller: C-III Capital Partners
  • Lender: City National Bank
  • Loan Amount: $65,000,000

The buyer of the property is Grant Cardone, representing ardoneCapital. The seller in this transaction is C-III Capital Partners. City National Bank provided a loan of $65,000,000 towards the purchase of the property.

Players

Grant Cardone

Cardone Capital

Buyer

$2.1B

vol

11 deals

Buyer
CP
C-III Capital PartnersSeller

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

0.17%

Cash-on-Cash

-0.05%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93