Snowden Lane Partners Leases Office Space At 1 Alhambra PLZ, Miami From USAA Real Estate
1 Alhambra PLZ, Miami, FL, 33134
Building Size
9,568 SF
Asset Type
Office
Closing
Sep 21, 2021
AI
Located at 1 Alhambra PLZ, Miami, FL, 33134 in Coral Gables, the recently leased office space spans 9,568 square feet. The landlord, USAA Real Estate, successfully leased this property to Snowden Lane Partners under a lease agreement finalized on 09/21/2021. The Landlord's representatives in this transaction were Kevin Gonzalez from Floridian First Realty and Maggie Kurtz from CBRE.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Not Applicable
- Tenant: Snowden Lane Partners
- Square Feet: 9,568
- Landlord: USAA Real Estate
- Landlord's Reps: Kevin Gonzalez (Floridian First Realty), Maggie Kurtz (CBRE)
The collaboration between the landlord's representatives, Kevin Gonzalez of Floridian First Realty and Maggie Kurtz of CBRE, with Snowden Lane Partners resulted in the successful leasing of the 9,568 square feet office space. This deal marks a significant milestone for all parties involved in the transaction, showcasing the importance of effective real estate representation in securing successful lease agreements.
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