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

Property Image
SOLD
$17,500,000
Alessandro Lima
Justin Michael Natalizio
+ 2

Florida

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Office55,182 SF
Sold 12/30/2025
the dealplayerscompscontact
Property Image
SOLD

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

22 Northwest 1st Street

See Similar Deals
Office55,182 SF
Sold 12/30/2025
Alessandro Lima
Justin Michael Natalizio
+ 2
Contact now

Summary

FLORIDA
Asset Type:Office
Price Per Square Foot:$317
Total Square Footage:55,182 SF
Transaction Type:Sale

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
28 deals$105M volume(305) 281-4469
BROKER

Justin Michael Natalizio
Compass
16 deals$608.9M volume(917) 685-6988
BROKER

Mika Mattingly
Colliers
34 deals$528.8M volume(786) 486-4391
BROKER

Cecilia Estevez
Colliers
20 deals$375.9M volume(786) 433-5393
BROKER

Arthur David Porosoff
25 deals$180.7M volume(305) 733-6066
BROKER

Colliers
BROKERAGE

Compass
BROKERAGE

Details

SOLD
IMAGE: Alessandro Lima, Arthur Porosoff, Justin Michael Natalizio, Mika Mattingly & Cecilia Estevez DATE: 12/30/2025 ADDRESS: 22 Northwest 1st Street MARKET: Miami ASSET TYPE: Office SELLER: David Aaron - Arkadia Property Group BUYER'S REP: Arthur Porosoff (@ThePorosoffGroup), Alessandro Lima & Justin Michael Natalizio - Compass (@Compass) SELLER'S REP: Mika Mattingly & Cecilia Estevez - Colliers (@ColliersInternational) SALE PRICE: $17,500,000 SF: 55,182 ~ PPSF: $317

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$933,333.32

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$62,173.82
Cash-on-Cash Return-1.27%
Monthly Debt Service$82,958.93
Annual Debt Service$995,507.14