Moishe Mana Acquires 110 Tower Office Building In Fort Lauderdale For $89 Million From Gem Realty Capital
110 Southeast 6th Street
$89,000,000
$225/SF
Building Size
394,057 SF
Asset Type
Office
Closing
Sep 24, 2026
About this deal
AI
The transaction involved the acquisition of the 110 Tower office building located at 110 Southeast 6th Street in Fort Lauderdale, FL. The property consists of 394,057 square feet and was sold for a total of $89,000,000, which translates to a price per square foot of $226.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $89,000,000
- Buyer: Moishe Mana - Mana Common
- Seller: Michael Elrad & Norman Geller - Gem Realty Capital
- Lender: City National Bank of Florida
- Mortgage Amount: $66.25 million
- Transaction Date: 09/24/2026
Moishe Mana, representing Mana Common, acquired the property from Gem Realty Capital, which was represented by Michael Elrad and Norman Geller. The transaction was financed through a mortgage provided by City National Bank of Florida, and it was structured as part of a 1031 exchange.
On the Map
$89,000,000
$225/SF
Office
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Seth Office Market Snapshot
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.18%
Cash-on-Cash
-0.05%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93