Get Opportunity in MIAMI, FL (Off Market Deal)

Ricky Hamilton

Mar 19 • I GOT A 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.......

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