3450 NW 115th Ave
3450 NW 115th Ave, Miami, FL, 33178
Building Size
88,000 SF
Asset Type
—
Closing
Nov 19, 2023
About this deal
AI
The property involved in the transaction is located at 3450 NW 115th Ave, Miami, FL, 33178, within the Doral market. The leased space encompasses a total of 88,000 square feet and is associated with the landlord, Seagis Property Group. Monat Global Corporation is the tenant occupying the premises.
Summary of transaction details:
- Property Type: Lease
- Transaction Amount: Not disclosed
- Address: 3450 NW 115th Ave, Miami, FL, 33178
- Market: Doral
- Tenant: Monat Global Corporation
- Landlord: Seagis Property Group
- Square Feet: 88000
- Tenant's Representatives: Chris Spear-ComReal, Edward Redlich
- Landlord's Representatives: Brian Cabielles, George Pino
- Brokers: Frank Trelles-State Street Realty
The transaction involved key representatives from both sides, with Chris Spear from ComReal and Edward Redlich representing Monat Global Corporation as tenant's representatives. The landlord, Seagis Property Group, was represented by Brian Cabielles and George Pino, while the brokerage for this lease was handled by Frank Trelles of State Street Realty.
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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