Commercial Investment Opportunity
Price
$1,600,000,000
(1% Buyer Fee included)
Off-Market Opportunity: Panorama Tower – Miami, FLPrice: $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
Property Financials:
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 ParkLine 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.
Please submit all offers directly to investments@promiselandrealtyllc.com.TEAM PROMISELAND JV Disclaimer applies. Marketing and sale of this property are restricted to verified members of our joint venture program.
Aerial View
"YOUR #1 SOURCE FOR OFF MARKET INVESTMENT
PROPERTIES, NATIONWIDE"
PROMISE LAND REALTY, LLC
Work: 864-762-2509
All Off Market Properties are sold 'As-Is'. Buyer must do their due diligence. Sold on warranty deed. We are selling our assignable interest. You do NOT HAVE PERMISSION to market this property WITHOUT EXPRESSED WRITTEN CONSENT. Proof of Funds is required with all offers. Earnest Money Deposit due within 48 hours of accepted offer. Closings are done quickly and with a title company/closing attorney. Realtors add your fee on top.
Comments