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1 Southeast 3rd Avenue

Local Staffing Leases Office Space In Downtown Miami From Stic Holdings At 1 SE 3rd Ave
LEASEDOffice

Local Staffing Leases Office Space In Downtown Miami From Stic Holdings At 1 SE 3rd Ave

1 Southeast 3rd Avenue

$43

$43/SF

Building Size

2,722 SF

Asset Type

Office

Closing

Sep 1, 2022

AI

An office space located at 1 SE 3rd Ave in Downtown, Miami has been leased in a recent transaction. The property, measuring approximately 2,722 square feet, was leased by the tenant Local Staffing. The lease deal was facilitated by brokers Uri Redler, Yaacov Poston, and Shlomo Poston from The Real Estate Lab. The asking rent for the space was $43 per square foot.

Summary of transaction details:

The lease transaction represents a successful agreement between the landlord, Stic Holdings represented by Bryan Thornton, and the tenant, Local Staffing. The involvement of brokers Uri Redler, Yaacov Poston, and Shlomo Poston from The Real Estate Lab highlights their role in facilitating the deal and ensuring a smooth transaction for both parties involved.-

Players

Yaacov Poston

The Real Estate Lab

Broker

$62.1M

vol

29 deals

Broker

Miami 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

368906.98%

Cash-on-Cash

-105434.75%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93