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22 Northwest 1st Street

David Aaron Of Arkadia Property Group Sells Office In Miami For $17.5M
SOLDOffice

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

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:

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.

Players

Alessandro Lima

Compass

Broker

$105M

vol

28 deals

Broker
Colliers
ColliersBrokerage
Compass
CompassBrokerage

Miami Office Market Snapshot

Boundary boundary · Office · Sale transactions

Loading comparables…

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