Get Opportunity in MIAMI, FL (Off Market Deal)
Price $1,600,000,000 (1% Buyer Fee included) Off-Market Opportunity: Panorama Tower – Miami, FL Price: $1.6 Billion Location: 1100 Brickell Bay Drive, Miami, FL 33131 Presenting Panorama Tower, the tallest building on the east coast south of New York City, situated in Miami’s exclusive Brickell District. This 85-story Class A+ property was completed in 2018 and is a mixed-use marvel, including: - 821 luxury multifamily units (average unit size of 1,381 square feet) - Hyatt House hotel on the lower floors - A separate, fully leased office building - 2,000 parking spaces - Premium amenities such as a fitness center, pool, spa, and pet washing station - Fully leased with a waiting list of over 800 for the apartments Key Financial Highlights: - Current asking rents average $4,645 per unit - Comparable market rents range from $3.36 to $4.21 per square foot - High occupancy rates with the property maintaining a 23.4% vacancy due to demand - The building offers strong rental growth potential, aligning with Miami’s booming market. Comparables: Nearby properties such as Solitair Brickell and Park Line Miami boast similar rent-to-square-foot pricing, solidifying the competitiveness of Panorama Tower's market positioning. Owner’s Intent: This asset is part of a $35 billion portfolio held by the family patriarch, who is in his 90s and seeking to reduce holdings to avoid family disputes. This is a rare opportunity to acquire one of the most iconic buildings in Miami, with a stable tenant base and tremendous upside. Offer Details: All financial details are available upon request. Proof of Funds (POF), Letter of Intent (LOI), and a Non-Disclosure Agreement (NDA) are required to proceed. Lot of room to maneuver on this deal.......