IMC Equity Group Acquires Riviera Point Corporate Center In Miramar For $11.9M
2750 Southwest 145th Avenue
$11,900,000
$188/SF
Building Size
63,113 SF
Asset Type
Office
Closing
Jul 13, 2025
AI
The property asset involved in the transaction is an office building located at 2750 Southwest 145th Avenue in the Miramar market. The sale price for this asset was $11,900,000, with a total square footage of 63,113, resulting in a price per square foot of $188.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $11,900,000
- Square Footage: 63,113
- Price per Square Foot: $188
- Buyer: IMC Equity Group
- Seller: Riviera Point Development Group
- Buyer's Representative: Lyman Phillips - Golden Lion Capital Investments
- Seller's Representative: Anthony DeLaHoz - Realty World
This transaction involved key individuals and companies, including Lyman Phillips from Golden Lion Capital Investments, who represented the buyer, and Anthony DeLaHoz from Realty World, who represented the seller. Golden Lion Capital expressed their satisfaction with the successful closing of the Riviera Point Corporate Center and acknowledged the professionalism displayed by the seller's representative throughout the process.
Players
Miramar 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
1.33%
Cash-on-Cash
-0.38%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93