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Azora Private Acquires Office Asset At 3480 Main Highway In Miami For $61 Million

Property Image
SOLD
$61,000,000
Matthew (Matt) McCormack
Ike Ojala
+ 3

Florida

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Office55,000 SF
Sold 02/04/2026
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Property Image
SOLD

Azora Private Acquires Office Asset At 3480 Main Highway In Miami For $61 Million

3480 Main Highway

See Similar Deals
Office55,000 SF
Sold 02/04/2026
Matthew (Matt) McCormack
Ike Ojala
+ 3
Contact now

Summary

FLORIDA
Asset Type:Office
Price Per Square Foot:$1,109
Total Square Footage:55,000 SF
Transaction Type:Sale

The property asset involved in this transaction is located at 3480 Main Highway in the Miami market. The sale price for the office asset was $61,000,000, encompassing a total square footage of 55,000, which corresponds to a price per square foot of $1,109.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: $61,000,000
  • Address: 3480 Main Highway
  • Market: Miami
  • Square Footage: 55,000
  • Price per Square Foot: $1,109
  • Buyer: Azora Private
  • Seller: Scott Sherman, Aaron Kay & Ari Sasson - Torose Equities, Hermen Rodriguez, Ike Ojala, Blake Koletic & Hunter Smith - JLL

The key individuals representing the buyer and seller in this transaction include Scott Sherman, Aaron Kay, and Ari Sasson from Torose Equities, as well as Hermen Rodriguez, Ike Ojala, Blake Koletic, and Hunter Smith from JLL.

Players

Hermen Rodriguez
23 deals$1.8B volume(305) 448-5332
BROKER

Ike Ojala
JLL
25 deals$2B volume(305) 774-6810
BROKER

Matthew (Matt) McCormack
JLL
31 deals$2.8B volume
BROKER

Blake Koletic
JLL
17 deals$1.5B volume
BROKER

Hunter Smith
JLL
14 deals$1.2B volume
BROKER

Scott Sherman
Sabal Investment Holdings
14 deals$220M volume
SELLER

Sabal Investment Holdings
SELLER

Details

SOLD
IMAGE: Ike Ojala, Blake Koletic, Hermen Rodriguez, Hunter Smith, Matt McCormack, Aaron Kay, Scott Sherman & Ari Sasson DATE: 02/04/2026 ADDRESS: 3480 Main Highway MARKET: Miami ASSET TYPE: Office BUYER: Azora Private SELLER: Scott Sherman, Aaron Kay & Ari Sasson - Torose Equities (@ToroseEquities; Sabal Investment Holdings SELLER'S REP: Matt McCormack (@InstantMack), Hermen Rodriguez, Ike Ojala, Blake Koletic (@BlakeKoletic) & Hunter Smith - JLL (@JLL) SALE PRICE: $61,000,000 SF: 55,000 ~ PPSF: $1,109 Sherman

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$3,253,333.32

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$216,720.13
Cash-on-Cash Return-1.27%
Monthly Debt Service$289,171.12
Annual Debt Service$3,470,053.45