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Brick & Timber Collective Acquires Office Asset From East End Capital And The Related Companies For $49M

Property Image
SOLD
$49,000,000

Florida

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Office
Sold 02/28/2022
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Property Image
SOLD

Brick & Timber Collective Acquires Office Asset From East End Capital And The Related Companies For $49M

215 219 Nw 24th St

See Similar Deals
Office
Sold 02/28/2022
the dealplayerscompscontact
Contact now

Summary

FLORIDA
Asset Type:Office
Transaction Type:Sale

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.

Players

Tony Arellano
DWNTWN Realty Advisors
Tony Arellano
152 deals$1.6B volume
BROKER
BC
Brick & Timber Collective
BUYER
East End Capital
East End Capital
SELLER
TC
The Related Companies
SELLER

Details

SOLD
IMAGE: 02/28/2022 ADDRESS: 215 219 Nw 24th St MARKET: Miami ASSET TYPE: Office BROKERS: Tony Arellano(DWNTWN Realty Advisors) BUYER: Brick & Timber Collective SELLER: East End Capital and The Related Companies PRICE: $49,000,000.00

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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$174,086.66
Cash-on-Cash Return-1.27%
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