Chartwell Law Offices Leases 9500 Square Feet At 100 SE 2nd St Miami From Sumitomo Corp
100 SE 2nd St, Miami, FL, 33131
Building Size
9,500 SF
Asset Type
Industrial
Closing
Apr 2, 2018
AI
The property involved in this transaction is a 9,500-square-foot lease located at 100 SE 2nd St, Miami, FL, 33131, within the Miami market. The landlord for this lease is Sumitomo Corp. of America, and the tenant is Chartwell Law Offices, which is relocating from its previous location in the Southeast Financial Center.
Summary of transaction details:
- Property Type: Lease
- Transaction Amount: Not specified
- Tenant: Chartwell Law Offices
- Landlord: Sumitomo Corp. of America
- Tenant's Representative: Eric Wahlers (Gola Corporate Real Estate)
- Square Feet: 9,500
- Address: 100 SE 2nd St, Miami, FL, 33131
The lease transaction was brokered by Glenn Gregory and Christopher Dubberly, who represented the landlord, Sumitomo Corp. of America. Eric Wahlers from Gola Corporate Real Estate represented the tenant, Chartwell Law Offices, in this deal.
Players
Miami Industrial Market Snapshot
Boundary boundary · Industrial · 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