Ascentris, Highline Real Estate Capital, And Square2 Capital Acquire Office Portfolio In Doral For $73M
8200 Northwest 33rd Street
$73,000,000
$195/SF
Building Size
372,639 SF
Asset Type
Office
Closing
Nov 15, 2021
About this deal
AI
An office property located at 8200, 8300, and 8400 NW 33rd St in Doral has been sold in a closed transaction.
Summary of transaction details
- Property Type: Office
- Transaction Amount: $73,000,000
- Acres: 21.4
- Buyer: Ascentris - Tricia Noble; Highline Real Estate Capital - David Moret; Square2 Capital - Jay Caplin
- Seller: PGIM Real Estate
- Brokers: Chris Lee, Jose Lobon, Andrew Chilgren, Marcos Minaya & Amy Julien - CBRE
The buyer representatives involved in the deal include Tricia Noble from Ascentris, David Moret from Highline Real Estate Capital, and Jay Caplin from Square2 Capital. The seller in the transaction was PGIM Real Estate. The brokers representing the deal were Chris Lee, Jose Lobon, Andrew Chilgren, Marcos Minaya, and Amy Julien from CBRE.
On the Map
$73,000,000
$195/SF
Office
View full map
Players
Doral Office Market Snapshot
Boundary boundary · Office · Sale transactions
Loading comparables…
Deal FAQ
Visit Marcos Minaya to view all their deals.
Browse Doral office sales on Traded.
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