DRA Advisors And CP Group Lease Office Space To Rennert Vogel Mandler & Rodriguez In Miami
100 Southeast 2nd Street
$62
$62/SF
Building Size
18,350 SF
Asset Type
Office
Closing
Mar 3, 2025
About this deal
AI
The property involved in this transaction is an office asset located at 100 Southeast 2nd Street in Miami. The leasing terms include an asking rent of $62 per square foot for a total area of 18,350 square feet. The lease type is classified as Full Service Gross.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $62/ft
- Address: 100 Southeast 2nd Street
- Market: Miami
- Landlord: DRA Advisors & CP Group
- Tenant: Rennert Vogel Mandler & Rodriguez, P.A.
- Landlord's Representative: Gordon Messinger & Randy Carballo - CBRE
- Tenant's Representative: Jeremy Hakala & Clay Sidner - Newmark
The transaction is facilitated by industry professionals from CBRE and Newmark, with Gordon Messinger and Randy Carballo representing the landlord and Jeremy Hakala and Clay Sidner representing the tenant in this lease agreement.
On the Map
$62
$62/SF
Office
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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