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100 Southeast 2nd Street

DRA Advisors & CP Group Lease Office To BDO USA At 100 Southeast 2nd Street Miami
LEASEDOffice

DRA Advisors & CP Group Lease Office To BDO USA At 100 Southeast 2nd Street Miami

100 Southeast 2nd Street

$62

$62/SF

Building Size

22,386 SF

Asset Type

Office

Closing

Feb 1, 2025

AI

The property asset involved in this transaction is an office space located at 100 Southeast 2nd Street, Miami. The lease involves a total square footage of 22,386 and is categorized under the Full Service Gross lease type. The asking rent for this property is set at $62 per square foot.

Summary of transaction details:

Key individuals and companies involved in the deal include DRA Advisors and CP Group, acting as the landlords, alongside BDO USA as the tenant. The landlord's interests were represented by Gordon Messinger and Randy Carballo from CBRE, while Larry Serota and Glenn Gregory from Transwestern represented the tenant in this leasing agreement.

Players

Gordon Messinger

CBRE

Broker

$164M

vol

33 deals

Broker
BDO USA
BDO USATenant

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

255854.84%

Cash-on-Cash

-73124.10%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93