Highline Real Estate Capital Acquires Office In Doral From PGIM Real Estate For $73M
8400 Northwest 33rd Street, Doral, FL, USA
$73,000,000
$195/SF
Building Size
372,639 SF
Asset Type
Office
Closing
Nov 15, 2021
About this deal
AI
The office property located at 8200, 8300, and 8400 N.W. 33rd St in Doral has been sold in a transaction. The sale was completed on November 15, 2021.
Summary of transaction details
- Property Type: Office
- Transaction Amount: $73,000,000
- Square Footage: 372,639
- Price per Square Foot: $196
- Buyer: Highline Real Estate Capital - David Moret & Andrew Remick, Square2 - Jay Caplin & Mike Manno & Ascentris
- Seller: PGIM Real Estate
The buyer in this transaction was Highline Real Estate Capital represented by David Moret and Andrew Remick, as well as Square2 represented by Jay Caplin and Mike Manno, and Ascentris. The seller was PGIM Real Estate. The deal was facilitated by brokers Chris Lee, Jose Lobon, Andrew Chilgren, and Marcos Minaya from CBRE.
On the Map
$73,000,000
$195/SF
Office
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Players
Doral 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
0.22%
Cash-on-Cash
-0.06%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93