MFS Investment Management Leases 2350 Square Feet At 1435 Brickell Ave Miami With Tenant's Rep Carlyle Coffin
1435 Brickell Ave, Miami, FL, 33131
Building Size
2,350 SF
Asset Type
Hotel
Closing
Aug 18, 2022
About this deal
AI
The property involved in the transaction is located at 1435 Brickell Ave, Miami, FL, 33131. It encompasses a total area of 2,350 square feet within the Miami market.
Summary of transaction details:
- Property Type: Lease
- Transaction Amount: Not specified
- Tenant: MFS Investment Management
- Landlord: Millennium Partners
- Tenant's Representative: Carlyle Coffin - Newmark
The deal features MFS Investment Management as the tenant, engaging in negotiations represented by Carlyle Coffin of Newmark, while the landlord in this lease transaction is Millennium Partners. This interaction denotes a collaboration of key commercial players within the Miami real estate market.
On the Map
Hotel
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Players
Miami Hotel Market Snapshot
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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