Brick & Timber Collective Acquires Office Asset From East End Capital And The Related Companies For $49M
215 219 Nw 24th St
$49,000,000
Building Size
—
Asset Type
Office
Closing
Feb 28, 2022
About this deal
AI
The asset involved in the transaction is an office property located at 215 219 Nw 24th St in the Miami market. The selling price for this property was $49,000,000.00.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $49,000,000.00
- Buyer: Brick & Timber Collective
- Seller: East End Capital and The Related Companies
- Broker: Tony Arellano - DWNTWN Realty Advisors
- Date of Transaction: 02/28/2022
This transaction involved key representatives including Tony Arellano who represented the buyer in the deal. The transaction showcases the involvement of prominent firms such as East End Capital and The Related Companies in the selling of the office space.
On the Map
$49,000,000
Office
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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
0.32%
Cash-on-Cash
-0.09%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93