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100 SE 2nd St, Miami, FL, 3...

Chartwell Law Offices Leases 9500 Square Feet At 100 SE 2nd St Miami From Sumitomo Corp
LEASEDIndustrial

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

Tom Farmer

Colliers

Broker

13 deals

Broker

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