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1150 Brickell Bay Dr, Miami...

Industrious Signs Lease For 45000 Square Feet At 1150 Brickell Bay Dr Miami With Parkway Properties
LEASED

Industrious Signs Lease For 45000 Square Feet At 1150 Brickell Bay Dr Miami With Parkway Properties

1150 Brickell Bay Dr, Miami, FL, 33131

Building Size

45,000 SF

Asset Type

Closing

Nov 20, 2023

AI

The property asset involved in this transaction is located at 1150 Brickell Bay Dr, Miami, FL, 33131. It encompasses 45,000 square feet within the Miami market, under the ownership of Parkway Properties.

Summary of transaction details:

The deal involves tenant Industrious leasing the premises with Parkway Properties as the landlord. John Guitar and Jonathan Carter represent the landlord in this transaction, facilitating the lease agreement between the involved parties.

Players

Zach Wendelin

JLL

Broker

$6.2M

vol

13 deals

Broker
PP
Parkway PropertiesLandlord

Miami CRE Market Snapshot

Boundary boundary · CRE · Lease transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

5.80%

Cash-on-Cash

-1.66%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93