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
Miami Office Market Snapshot
Boundary boundary · Office · Sale transactions
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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