Blocktower Capital Leases Mixed-Use Space At 501 Brickell Key Dr In Brickell, Miami With Reid Heidenry & Jeremy Hakala - One Sotheby's International Realty
501 Brickell Key Drive, Miami, Florida 33131, United States
Building Size
5,353 SF
Asset Type
Mixed-use
Closing
Jun 29, 2021
About this deal
AI
The mixed-use property located at 501 Brickell Key Dr in Brickell, Miami has been leased. The tenant, Blocktower Capital, will occupy the space.
Summary of transaction details:
- Property Type: Mixed-use
- Asking Rent: $62.50/ft.
- Square Footage: 5,353
- Address: 501 Brickell Key Dr, Brickell, Miami
The lease deal was facilitated by Reid Heidenry and Jeremy Hakala from One Sotheby's International Realty, who represented Blocktower Capital in the transaction.
Traded’s record for 501 Brickell Key Drive, Miami, Florida 33131, United States in Miami, Florida covers a mixed use lease from 2021. Published size for 501 Brickell Key Drive, Miami, Florida 33131, United States is 5,353 square feet. Jeremy Hakala, Reid Heidenry, Sotheby's International Realty, Newmark appear on the lease alongside Sotheby's International Realty, Newmark. This page is the Miami, Florida file for the 501 Brickell Key Drive, Miami, Florida 33131, United States mixed use leased: pricing, party profiles, and other closed mixed use comps from the same Miami sit in the Market section below. Filter that Miami mixed use set by closing date to see what else leased near 501 Brickell Key Drive, Miami, Florida 33131, United States around 2021. Cite this Blocktower Capital Leases Mixed-Use Space At 501 Brickell Key Dr In Brickell, Miami With Reid Heidenry & Jeremy Hakala - One Sotheby's International Realty lease when underwriting similar mixed use product around Miami, Florida.
Players
Miami Mixed-use Market Snapshot
Boundary boundary · Mixed-use · 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