Quest Workspaces Leases Office Space In Miami's Southeast 2nd Street With Tenant's Rep Lance Benson And Landlord's Rep Gordon Messinger & Randy Carballo Of CBRE
100 Southeast 2nd Street
$57
$57/SF
Building Size
13,000 SF
Asset Type
Office
Closing
Oct 11, 2023
AI
The office property located at 100 Southeast 2nd Street in Miami has recently been leased. The asset spans a total of 27,000 square feet and was leased by Quest Workspaces. The landlords of the property are DRA Advisors and CP Group, while the tenant was represented by Lance Benson from Newmark. The landlord's representatives in the deal were Gordon Messinger and Randy Carballo from CBRE.
Summary of transaction details
- Property Type: Office
- Asking Rent: $57.00/ft.
- Size: 27,000 square feet
- Address: 100 Southeast 2nd Street, Miami
- Landlords: DRA Advisors & CP Group
- Tenant: Quest Workspaces
- Landlord's Representative: Gordon Messinger & Randy Carballo - CBRE
- Tenant's Representative: Lance Benson - Newmark
The deal was brokered by Lance Benson from Newmark on behalf of the tenant, Quest Workspaces. Gordon Messinger and Randy Carballo, representing CBRE, worked as the landlord's representatives in the transaction. The leasing agreement was executed at an asking rent of $57.00 per square foot.
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
278298.25%
Cash-on-Cash
-79538.49%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93