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1 Alhambra Plaza, Miami, FL...

Snowden Lane Partners Leases Office Space At 1 Alhambra Plaza In Miami
LEASEDOffice

Snowden Lane Partners Leases Office Space At 1 Alhambra Plaza In Miami

1 Alhambra Plaza, Miami, FL, USA

Building Size

4,568 SF

Asset Type

Office

Closing

Sep 21, 2021

AI

Located at 1 Alhambra Plaza in Miami, this office property recently closed a lease transaction. The property, spanning approximately 4,568 square feet, was leased by Snowden Lane Partners for a period of 10 years. The asking rent for the space was $47 per square foot.

Summary of Transaction Details

  • Property Type: Office
  • Transaction Amount: N/A
  • Address: 1 Alhambra Plaza
  • Market: Miami

The landlord for this lease deal was Patrinely Group & USAA Real Estate. Represented by Maggie Kurtz and Kevin Gonzalez from CBRE, they successfully negotiated the lease agreement. On the other side, Snowden Lane Partners was represented by Clay Sidner from Newmark.

Players

Kevin Gonzalez

Colliers

Broker

16 deals

Broker
USAA Real Estate
USAA Real EstateLender
USAA Real Estate
USAA Real EstateLandlord
SP
Snowden Lane PartnersTenant

Coral Gables Office Market Snapshot

Boundary boundary · Office · 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