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3450 NW 115th Ave, Miami, F...

3450 NW 115th Ave
LEASED

3450 NW 115th Ave

3450 NW 115th Ave, Miami, FL, 33178

Building Size

88,000 SF

Asset Type

Closing

Nov 19, 2023

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:

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.

Players

Chris Spear

ComReal

Broker

$136.2M

vol

11 deals

Broker
Seagis Property Group
Seagis Property GroupLandlord

Doral 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