Northeast Capital Group Acquires Miami Office Building For $14.5M

An office property located at 5040 Northwest 7th Street in Miami has been sold for $14,500,000. The transaction took place on January 22, 2021. The property has a total area of 82,689 square feet, and the price per square foot was calculated at $175,356. The buyer of the office property is Northeast Capital Group, while the seller is Netz USA. The deal was facilitated by the brokerage firm Cushman & Wakefield, with Brett White representing the buyer and seller.

Summary of transaction details

• Property Type: Office
• Transaction Amount: $14,500,000
• Address: 5040 Northwest 7th Street, Miami
• Market: Miami
• Buyer: Northeast Capital Group
• Seller: Netz USA
• Broker: Cushman & Wakefield - Brett White
• SF: 82,689
• PPSF: $175,356

The sale of the office property on 5040 Northwest 7th Street in Miami was completed with the assistance of Cushman & Wakefield, represented by Brett White. Northeast Capital Group acquired the property from Netz USA for a total price of $14,500,000. The office property spans 82,689 square feet, and the transaction amounts to a price per square foot of $175,356.