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22 Nw 1st Street

David Kilstock Purchases Office Property From David Aaron In Miami For $17,500,000
SOLDOffice

David Kilstock Purchases Office Property From David Aaron In Miami For $17,500,000

22 Nw 1st Street

$17,500,000

$317/SF

Building Size

55,182 SF

Asset Type

Office

Closing

Dec 26, 2025

AI

The asset involved in the transaction is located at 22 Nw 1st Street in Miami, consisting of an office space totaling 55,182 square feet. The property was sold for $17,500,000.00, reflecting its market value in the Miami area.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: $17,500,000.00
  • Address: 22 Nw 1st Street
  • Market: Miami
  • Square Footage: 55,182
  • Buyer: David Kilstock
  • Seller: David Aaron

Involved in the transaction were multiple brokers: Arthur Porosoff and Alessandro Lima from Compass, along with Justin Natalizio, Mika Mattingly, and Cecilia Estevez from Colliers, who represented the parties in this deal.

Players

Alessandro Lima

Compass

Broker

$106.4M

vol

29 deals

Broker

David Kilstock

Buyer
Buyer
David Aaron

David Aaron

Seller

$18M

vol

1 deal

Seller

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