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
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