Aon Insurance Company Leases Office Space In Brickell, Miami With Landlord Nuveen Real Estate - Charles Russo
1001 Brickell Bay Dr, 1001 Brickell Bay Dr, Miami, Florida 33131, United States
Building Size
20,000 SF
Asset Type
Office
Closing
Apr 25, 2022
AI
The office property located at 1001 Brickell Bay Dr in Brickell, Miami has been leased. The asset spans approximately 20,000 square feet.
Summary of transation details
- Property Type: Office
- Transaction Amount: Leased
- Address: 1001 Brickell Bay Dr, Brickell, Miami
- Market: Brickell, Miami
- Asking Rent: $1,000/month
Nuveen Real Estate, represented by Charles Russo, served as the landlord in this transaction. The tenant, Aon Insurance Company, was represented by Scott Goldstein and Keith Edelman from CBRE. Brian Gale, Andrew Trench, and Ryan Holtzman from Cushman & Wakefield acted as the landlord's representatives in the deal.
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
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93