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:
- Property Type: Office
- Transaction Amount: $62/ft
- Lease Type: Full Service Gross
- Landlord: DRA Advisors & CP Group
- Tenant: BDO USA
- Landlord's Representative: Gordon Messinger & Randy Carballo - CBRE
- Tenant's Representative: Larry Serota & Glenn Gregory - Transwestern
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
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