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100 Southeast 2nd Street

DRA Advisors And CP Group Lease Office Space To Rennert Vogel Mandler & Rodriguez In Miami
LEASEDOffice

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

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:

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.

Players

Gordon Messinger

CBRE

Broker

$164M

vol

33 deals

Broker
DRA Advisors
DRA AdvisorsLandlord

Miami Office Market Snapshot

Boundary boundary · Office · Lease transactions

Loading comparables…

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