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

Transwestern Leases 70,459 SF At Miami Tower For Multiple Large Tenants
LEASEDOffice

Transwestern Leases 70,459 SF At Miami Tower For Multiple Large Tenants

100 SE 2nd St, Miami, FL, 33131

Building Size

9,949 SF

Asset Type

Office

Closing

Nov 22, 2023

AI

Located at 100 SE 2nd St in Miami, FL, 33131, the office property at Miami Tower offers unparalleled views and a variety of amenities, including a fitness center, conference facility, and tenant lounge. The Class A office tower spans 619,094 square feet and stands as one of downtown Miami's most recognizable landmarks, designed by architect I.M. Pei.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: Not provided
  • Tenant: Lash & Goldberg LLP
  • Tenant's Rep: Tony Jones (Cushman & Wakefield)
  • Landlord: Sumitomo Corp. of Americas
  • Square Feet: 9,949

Transwestern Real Estate Services facilitated four office lease transactions totaling 70,459 square feet at Miami Tower. The building's strategic location in downtown Miami, along with its range of amenities and large contiguous space offerings, solidifies its appeal to tenants seeking exceptional workplace environments. Transwestern Managing Director, Glenn H. Gregory, highlighted the strength of Miami Tower's location and amenities, emphasizing its desirability for businesses looking for quality office spaces in the CBD.

Players

Tony Jones

Cushman & Wakefield

Broker

12 deals

Broker
SA
Sumitomo Corp. of AmericasLandlord

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