facebook

traded

+ Submit
Home

/

Deals

/

Florida

/

Office

/

Lease

/

1 Alhambra PLZ, Miami, FL, ...

Snowden Lane Partners Leases Office Space At 1 Alhambra PLZ, Miami From USAA Real Estate
LEASEDOffice

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

Maggie Kurtz

CBRE

Broker

3 deals

Broker
USAA Real Estate
USAA Real EstateLender
USAA Real Estate
USAA Real EstateLandlord

Coral Gables Office Market Snapshot

Boundary boundary · Office · Lease transactions

Loading comparables…

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