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3480 Main Highway

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

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

Hermen Rodriguez

JLL

Broker

$1.8B

vol

23 deals

Broker
Scott Sherman

Scott Sherman

Sabal Investment Holdings

Seller

$220M

vol

14 deals

Seller
Sabal Investment Holdings
Sabal Investment HoldingsSeller

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