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8200 Northwest 33rd Street

Ascentris, Highline Real Estate Capital, And Square2 Capital Acquire Office Portfolio In Doral For $73M
SOLDOffice

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

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

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.

Players

Amy Julian

CBRE

Broker

$2.1B

vol

34 deals

Broker
PGIM
PGIM Seller

Doral Office Market Snapshot

Boundary boundary · Office · Sale transactions

Loading comparables…

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