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
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