Related Group Acquires Office In Aventura For $51 Million
2999 Northeast 191st Street, Aventura, Florida 33180, United States
$51,000,000
$476/SF
Building Size
107,000 SF
Asset Type
Office
Closing
Jul 26, 2022
About this deal
AI
The office property located at 2999 NE 191 Street in Aventura has been sold in a closed transaction. The property spans 4 acres and is part of the Aventura market.
Summary of transation details
- Property Type: Office
- Transaction Amount: $51,000,000
- Square Footage: 107,000 SF
- Price per Square Foot: $477
The buyer of the property is the Related Group, represented by Jorge Pérez and Jon Paul Pérez, along with BH Group. The deal was finalized on July 27, 2022.
Jon Paul Pérez and Jorge Pérez are the key individuals involved in this transaction. They successfully acquired the property on behalf of Related Group, with representation from BH Group.
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
0.31%
Cash-on-Cash
-0.09%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93