Ardent Companies Acquires Office Building In South Miami For $36.7M
6262 Sunset Drive, South Miami, FL, USA
$36,700,000
$379/SF
Building Size
96,779 SF
Asset Type
Office
Closing
Jan 6, 2021
AI
Located at 6262 Sunset Drive in South Miami, an office property was recently sold for a staggering price of $36,700,000. The transaction took place on January 7, 2021.
Summary of transaction details
- Property Type: Office
- Transaction Amount: $36,700,000
- Address: 6262 Sunset Drive
- Market: South Miami
The buyer, Ardent Companies, was represented by Matt Shulman. On the other hand, the seller, USAA Real Estate Company, was represented by Len O'Donnell.
This deal showcases the involvement of key individuals and companies such as Matt Shulman from Ardent Companies and Len O'Donnell from USAA Real Estate Company.
Players
South 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
0.43%
Cash-on-Cash
-0.12%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93