Jason Hochman and Ron Granite of Cushman & Wakefield’s Equity, Debt & Structured Finance team secured the loan through Ameris Bank.
Mike Davis, Dominic Montazemi, Mike McDonald, Miguel Alcivar, Rick Brugge, Rick Colon, and Adam Spies of Cushman & Wakefield represented the seller, USPO Miami, LLC, in the transaction.
Scott O’Donnell, Mike Ciadella, Greg Miller, Dominic Montazemi, Miguel Alcivar, Jason Hochman, and Ron Granite of Cushman & Wakefield represented the seller in the transaction.
The final sale price was $22 million, equating to $155 per square foot.
Cushman & Wakefield secured $9 million in acquisition financing through Principal Life on behalf of the buyer.
Jason Hochman and Ron Granite of Cushman & Wakefield secured $46.3 million in acquisition financing through Argentic Investment Management on behalf of the buyers.
The real estate investment management group purchased the 109,497-square-foot building for $44.6 million.
The property is 100% leased to more than 40 tenants ranging from light industrial to athletic and recreational uses.
The four-story buildings total 498,073 square feet.
The eight office buildings total 81,034 square feet.
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