Juan Jose Zaragoza & Ignacio Gil-Casares Acquire Coconut Grove Office Buildings For $82M From Amer Hammour

The transaction involves two office buildings located at 3225 Aviation Avenue and 3250 Mary Street in Miami, totaling 136,000 square feet. The sale price for these properties was $82,000,000, equating to a price per square foot of $603. The properties were acquired by Azora Private Solutions, which financed the purchase through a loan from Abanca USA.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: $82,000,000
• Buyer: Juan Jose Zaragoza & Ignacio Gil-Casares - Azora Private Solutions
• Seller: Amer Hammour - Madison Marquette
• Lender: Abanca USA
• Square Footage: 136,000
• Price Per Square Foot: $603
• Address: 3225 Aviation Avenue & 3250 Mary Street
• Market: Miami
• Purchase Price for 3250 Mary Street: $47,500,000
• Purchase Price for 3225 Aviation Avenue: $34,000,000
• Previous Purchase Price by Seller: $47,400,000 in 2020

In this transaction, Juan Jose Zaragoza and Ignacio Gil-Casares represented Azora Private Solutions in the purchase of the properties. Amer Hammour represented Madison Marquette, the seller of the assets. The financing by Abanca USA facilitated the acquisition of these office spaces in Coconut Grove.