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Commercial Real Estate 101

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2 contributions to Commercial Real Estate 101
Hello
Excited to join! Aiming to learn to find off market deals and the details on assignments
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.......
0 likes • Mar 28
Good luck!
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Isaac Womack
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@isaac-womack-6564
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Active 62d ago
Joined Mar 22, 2025
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