Bridge Industrial Acquires Miami Office Property For $42.1M With Buyer's Rep Steve Poulos & Seller's Rep Robert Sanchez
11690 Northwest 105th Street
$42,100,000
$168/SF
Building Size
250,000 SF
Asset Type
Office
Closing
Mar 6, 2020
AI
The office property located at 11690 Northwest 105th Street in Miami has been sold. The property spans approximately 16.8 acres and was purchased by Bridge Industrial for a total of $42,100,000. The transaction took place on 03/07/2023. The office space encompasses 250,000 square feet, resulting in a price per square foot of $168.
Summary of transaction details
- Property Type: Office
- Transaction Amount: $42,100,000
- Address: 11690 Northwest 105th Street, Miami
- Market: Miami
- ACRES: 16.8
The buyer of the property is Bridge Industrial, represented by Steve Poulos. The seller, Ryder System, was represented by Robert Sanchez. The brokers involved in the deal were Hermen Rodriguez, Luis Castillo, and Matthew McCormack from JLL.
Players
Malcolm 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
0.38%
Cash-on-Cash
-0.11%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93