Remy Jacobson Acquires Office Property At 4141 N Miami Ave For $10.5M From MV Group USA
4141 N Miami Ave
$10,500,000
Building Size
—
Asset Type
Office
Closing
Apr 20, 2016
About this deal
AI
The property asset involved in this transaction is an office located at 4141 N Miami Ave in the Miami market. The sale was completed on April 20, 2016, with a total transaction amount of $10,500,000.00. This deal reflects the market's ongoing activity in office assets.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $10,500,000.00
- Address: 4141 N Miami Ave
- Market: Miami
- Buyer: Remy Jacobson
- Seller: MV Group USA and One Fountainhead Center
- Brokers: Tony Arellano - DWNTWN Realty Advisors
In this transaction, Remy Jacobson acted as the buyer while MV Group USA and One Fountainhead Center were the sellers. The deal was facilitated by broker Tony Arellano, representing the buyer in this significant property acquisition.
On the Map
$10,500,000
Office
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Players
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
1.51%
Cash-on-Cash
-0.43%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93