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7500 Southwest 87th Avenue,...

Diagnostic Center For Women Leases Medical Office Space In Kendall By Pan American Companies
LEASED

Diagnostic Center For Women Leases Medical Office Space In Kendall By Pan American Companies

7500 Southwest 87th Avenue, Miami, Florida 33173, United States

Building Size

13,000 SF

Asset Type

Closing

Aug 23, 2022

AI

A medical office property located at 7500 SW 87th Avenue in Kendall has been leased. The property, spanning 13,000 square feet, was leased by Diagnostic Center for Women. The landlord in this transaction is Pan American Companies, represented by Andres del Corral of Blanca Commercial Real Estate. The tenant was represented by Robert Orban and Zachary Talbot of Cresa. The lease was signed on 08/24/2022.

Summary of transaction details

  • Property Type: Medical Office
  • Address: 7500 SW 87th Avenue, Kendall
  • Tenant: Diagnostic Center for Women
  • Landlord: Pan American Companies
  • Landlord's Representative: Andres del Corral - Blanca Commercial Real Estate
  • Tenant's Representatives: Robert Orban & Zachary Talbot - Cresa
  • Asking Rent: $50/ft.
  • Square Footage: 13,000

The key individuals involved in this transaction include Andres del Corral, representing the landlord, and Robert Orban and Zachary Talbot, representing the tenant. Andres del Corral is associated with Blanca Commercial Real Estate, while Robert Orban and Zachary Talbot are from Cresa. The lease agreement was signed on 08/24/2022.

Players

Robert Orban

Cresa

Broker

2 deals

Broker

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