Littler Mendelson P.C. Leases 12,000 SF Office Space At Miami Tower With DRA Advisors As Landlord
100 Southeast 2nd Street
$63
$63/SF
Building Size
12,000 SF
Asset Type
Office
Closing
May 29, 2025
AI
The property asset involved in this transaction is an office space located at 100 Southeast 2nd Street, within the Miami market. The leased area encompasses 12,000 square feet with a full service gross lease type. The asking rent for this office space is set at $63 per square foot.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $63/ft
- Square Footage: 12,000 SF
- Address: 100 Southeast 2nd Street - Miami Tower
- Market: Miami
- Landlord: DRA Advisors and CP Group
- Tenant: Littler Mendelson P.C.
- Landlord's Representative: Gordon Messinger & Randy Carballo - CBRE
- Tenant's Representative: Jessica Reyes, Zach Wendelin & Adam Bernstein - JLL
This transaction involved key representatives from both the landlord and tenant side. The landlord was represented by Gordon Messinger and Randy Carballo from CBRE, while the tenant's side was represented by Jessica Reyes, Zach Wendelin, and Adam Bernstein from JLL.
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
251793.65%
Cash-on-Cash
-71963.40%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93