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
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