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100 SE 2nd St, Miami, FL, 3...

Transwestern Leases 70,459 SF At Miami Tower To Gordon Rees Scully Mansukhani
LEASEDOffice

Transwestern Leases 70,459 SF At Miami Tower To Gordon Rees Scully Mansukhani

100 SE 2nd St, Miami, FL, 33131

Building Size

9,726 SF

Asset Type

Office

Closing

Nov 22, 2023

AI

The property involved is an office space located at 100 SE 2nd St, Miami, FL, 33131. This Class A office tower spans 619,094 square feet and the recent lease transaction encompassed 9,726 square feet of this space in downtown Miami.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: Not specified
  • Market: Miami
  • Tenant: Gordon Rees Scully Mansukhani, LLP
  • Tenant's Rep: Tim Prunka(Savills Studley), Tyler Wyant(CBRE)
  • Landlord: Sumitomo Corp. of Americas

The deal involved the representation of Gordon Rees Scully Mansukhani, LLP by Tim Prunka from Savills Studley and Tyler Wyant from CBRE. The landlord in this transaction was Sumitomo Corp. of Americas, showcasing a notable partnership in the leasing of office space within the Miami Tower.

Players

Tim Prunka

Savills

Broker

1 deal

Broker
SA
Sumitomo Corp. of AmericasLandlord
GL
Gordon Rees Scully Mansukhani, LLPTenant

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

5.80%

Cash-on-Cash

-1.66%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93