Azora Capital & Vizcaya Capital Sell Office Asset At 3250 Mary Street For $62.3M
3250 Mary Street
$70,000,000
$875/SF
Building Size
80,000 SF
Asset Type
Office
Closing
Aug 14, 2026
About this deal
AI
The property asset involved in the transaction is an office building located at 3250 Mary Street in the Miami market. The property was sold for a total amount of $62,300,000, encompassing an area of 80,000 square feet, which equates to a price per square foot of $779.
Summary of transation details:
- Property Type: Office
- Transaction Amount: $62,300,000
- Address: 3250 Mary Street
- Market: Miami
- Square Footage: 80,000
- Price per Square Foot: $779
- Seller: Azora Capital & Vizcaya Capital
- Seller's Representative: Omar Morales & Jaret Turkell - Berkadia
Omar Morales and Jaret Turkell represented the sellers, Azora Capital and Vizcaya Capital, in this transaction, facilitating the sale of the office asset located at 3250 Mary Street.
On the Map
$70,000,000
$875/SF
Office
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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
0.23%
Cash-on-Cash
-0.06%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93