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100 Southeast 2nd Street

GoTu, Inc. Leases Office Space At Miami Tower On 100 SE 2nd Street Market
LEASEDOffice

GoTu, Inc. Leases Office Space At Miami Tower On 100 SE 2nd Street Market

100 Southeast 2nd Street

$57

$57/SF

Building Size

22,000 SF

Asset Type

Office

Closing

Nov 3, 2023

AI

Miami Tower, located at 100 SE 2nd Street in Miami, has been leased to GoTu, Inc. The office space, spanning 22,000 square feet, will serve as the new headquarters for the tenant. The lease transaction was facilitated by CBRE, with Jeffrey Gordon and Iker Belauste representing the tenant and Gordon Messinger and Randy Carballo representing the landlord. DRA Advisors and CP Group are the owners of the property.

Summary of transaction details

  • Property Type: Office
  • Transaction Amount: Not specified
  • Asking Rent: $57/ft.
  • Square Footage: 22,000
  • Address: 100 SE 2nd Street, Miami
  • Market: Miami

CBRE played a key role in the lease deal between GoTu, Inc. and the landlords, DRA Advisors and CP Group. The tenant, GoTu, Inc., will benefit from the strategic location and amenities offered by Miami Tower. With the representation of Jeffrey Gordon and Iker Belauste from CBRE, the tenant was able to secure a favorable lease agreement. On the landlord's side, Gordon Messinger and Randy Carballo, also from CBRE, ensured a smooth transaction for DRA Advisors and CP Group.

Players

Jeffrey Gordon

CBRE

Broker

8 deals

Broker
DRA Advisors
DRA AdvisorsLender
DRA Advisors
DRA AdvisorsLandlord

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