Alberto Chocron & Francisco Cantor Acquire Office In Miami From Bill Bennett For $19M
SOLD
$19,000,000
Florida
See Similar DealsOffice64,136 SF
Sold 04/01/2026
SOLD
Alberto Chocron & Francisco Cantor Acquire Office In Miami From Bill Bennett For $19M
2125 Biscayne Boulevard
See Similar DealsOffice64,136 SF
Sold 04/01/2026
Summary
FLORIDA
Asset Type:Office
Price Per Square Foot:$296
Total Square Footage:64,136 SF
Transaction Type:Sale
The asset involved in the transaction is an office property located at 2125 Biscayne Boulevard in Miami. The sale was conducted for a total amount of $19,000,000. The property encompasses a total square footage of 64,136, resulting in a price per square foot of $296.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $19,000,000
- Square Footage: 64,136
- Price per Square Foot: $296
- Address: 2125 Biscayne Boulevard
- Market: Miami
- Buyer: Alberto Chocron & Francisco Cantor
- Seller: Bill Bennett
- Brokers: Almog Strikowski & Arthur Porosoff - Compass
The transaction was represented by brokers Almog Strikowski and Arthur Porosoff from Compass, who facilitated the deal between the buyer, Alberto Chocron and Francisco Cantor, and the seller, Bill Bennett.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$1,013,333.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$67,502.99
Cash-on-Cash Return-1.27%
Monthly Debt Service$90,069.69
Annual Debt Service$1,080,836.32
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