Azora Private Acquires Office Asset At 3480 Main Highway In Miami For $61 Million
3480 Main Highway
$61,000,000
$1,109/SF
Building Size
55,000 SF
Asset Type
Office
Closing
Feb 3, 2026
AI
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
Miami Office Market Snapshot
Boundary boundary · Office · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.26%
Cash-on-Cash
-0.07%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93