MIAMI—Wexford Capital, 13th Floor Investments, and a group led by Camilo Miguel, Jr., founder and CEO of Miami-based Mast Capital, just grabbed a prime Coconut Grove bayfront property for $29.5 million. The 9-story office building sits on over 45,000 square feet of land and is 100% leased.

On an off-market basis, Miguel made what he calls a persuasive all-cash offer. From his perspective, “It is rare to find such a special piece of waterfront property with good tenants and good in-place cash flow.” The deal closed 60 days after the contract was signed.   

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