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1101 Brickell Avenue

Florida East Coast Realty Secures Five New Leases At 1101 Brickell Avenue Miami
LEASEDOffice

Florida East Coast Realty Secures Five New Leases At 1101 Brickell Avenue Miami

1101 Brickell Avenue

Building Size

13,252 SF

Asset Type

Office

Closing

Aug 8, 2024

AI

The asset involved in the transaction is an office property located at 1101 Brickell Avenue in Miami, comprising a total area of 13,252 square feet. The property is currently under the ownership of Florida East Coast Realty.

Summary of transaction details:

Florida East Coast Realty has successfully secured five new leases totaling 13,000 square feet at its office property. The leasing team from Colliers, consisting of Ana Paula, Kevin Gonzalez, and Jake Freeman, is offering additional contiguous office space ranging from 1,000 to 39,000 square feet, indicating future opportunities in the property.

Players

Adam Bernstein

JLL

Broker

7 deals

Broker

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