Azora Private Acquires Office Asset At 3480 Main Highway In Miami For $61 Million
SOLD
Florida
See Similar DealsOffice55,000 SF
Sold 02/04/2026
SOLD
Azora Private Acquires Office Asset At 3480 Main Highway In Miami For $61 Million
3480 Main Highway
See Similar DealsOffice55,000 SF
Sold 02/04/2026
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.
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Details
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Deal Type
30 years
10 years
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
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