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3550 Biscayne Blvd

Mack Real Estate Group LLC Acquires Office Property From Terra Group And Avra Jain For $18.75M
SOLDOffice

Mack Real Estate Group LLC Acquires Office Property From Terra Group And Avra Jain For $18.75M

3550 Biscayne Blvd & 3550 Biscayne Blvd

$18,750,000

Building Size

Asset Type

Office

Closing

Apr 20, 2015

AI

The asset involved in this transaction is an office property located at 3550 Biscayne Blvd in Miami. The property was sold for $18,750,000.00, detailing a significant financial exchange within the Miami market.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: $18,750,000.00
  • Address: 3550 Biscayne Blvd
  • Market: Miami
  • Buyer: Mack Real Estate Group, LLC
  • Seller: Terra Group and Avra Jain
  • Brokers: Tony Arellano - DWNTWN Realty Advisors

The transaction featured key participants including the buyer, Mack Real Estate Group, LLC, and the sellers, Terra Group and Avra Jain. The representation in this deal was provided by Tony Arellano from DWNTWN Realty Advisors, who served as the broker in this transaction.

Players

Tony Arellano
Verified Badge

Tony Arellano

DWNTWN Realty Advisors

Broker

$1.6B

vol

154 deals

Broker
Mack Real Estate Group
Mack Real Estate GroupBuyer

Avra Jain

Seller

$76.2M

vol

12 deals

Seller

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

0.85%

Cash-on-Cash

-0.24%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93