Zentrix Industries Ltd. Acquires Office Building In Miami For $24M Transaction
315 S Biscayne BLVD, Miami, FL, 33131
$24,000,000
Building Size
—
Asset Type
Office
Closing
Jul 9, 2021
AI
The property involved in the transaction is an office located at 315 S Biscayne BLVD, Miami, FL, 33131. The asset was sold for $24,000,000.00 in Miami, with Sean Kelly from CBRE representing the seller and Zentrix Industries Ltd. as the buyer.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $24,000,000.00
- Address: 315 S Biscayne BLVD, Miami, FL, 33131
- Market: Miami
- Seller's Rep: Sean Kelly (CBRE)
- Buyer: Zentrix Industries Ltd.
The deal involved in the transaction took place on 07/09/2021. The office property was a significant asset in Miami, reflecting the dynamic real estate market present in the area. The transaction brought together Sean Kelly from CBRE and Zentrix Industries Ltd., showcasing the strategic representation on both sides of the 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
0.66%
Cash-on-Cash
-0.19%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93