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
Miami 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