David Aaron Of Arkadia Property Group Sells Office In Miami For $17.5M
22 Northwest 1st Street
$17,500,000
$317/SF
Building Size
55,182 SF
Asset Type
Office
Closing
Dec 29, 2025
About this deal
AI
The property asset involved in this transaction is an office located at 22 Northwest 1st Street in Miami. The transaction occurred on December 30, 2025, with a sale price of $17,500,000. The property encompasses 55,182 square feet, translating to a price per square foot of $317.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $17,500,000
- Address: 22 Northwest 1st Street
- Market: Miami
- Square Footage: 55,182
- Price Per Square Foot: $317
- Seller: David Aaron - Arkadia Property Group
- Buyer's Representatives: Arthur Porosoff, Alessandro Lima & Justin Michael Natalizio - Compass
- Seller's Representatives: Mika Mattingly & Cecilia Estevez - Colliers
The transaction involved notable individuals from both the buyer's and seller's sides. David Aaron represented the seller, Arkadia Property Group, while the buyer was represented by Arthur Porosoff, Alessandro Lima, and Justin Michael Natalizio of Compass. Additionally, Mika Mattingly and Cecilia Estevez of Colliers represented the seller in this transaction.
On the Map
$17,500,000
$317/SF
Office
View full map
Miami Office Market Snapshot
Boundary boundary · Office · Sale transactions
Loading comparables…
Deal FAQ
Visit Arthur David Porosoff to view all their deals.
Browse Miami office sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.91%
Cash-on-Cash
-0.26%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93