Moishe Mana Acquires Office Building At 25 W. Flagler St For $25M
25 West Flagler Street, Miami, FL, USA
$25,000,000
$178/SF
Building Size
140,000 SF
Asset Type
Office
Closing
Dec 16, 2019
About this deal
AI
The office building located at 25 W. Flagler St has been sold in a transaction that closed on December 17, 2019. The property, spanning approximately 140,000 square feet, was purchased for a total price of $25,000,000, resulting in a price per square foot of $178.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $25,000,000
- Address: 25 W. Flagler St
- Square Footage: 140,000
- Price per Square Foot: $178
The buyer in this transaction was Moishe Mana, as indicated by his Instagram account @MoisheMana. The brokers involved in the deal were John Crotty from Avison Young and Berger Singerman.
Players
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
0.63%
Cash-on-Cash
-0.18%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93