Parkway Properties Leases Office Space To Zilch At 1111 Brickell Avenue In Miami
1111 Brickell Avenue
$102
$102/SF
Building Size
3,008 SF
Asset Type
Office
Closing
Jan 15, 2023
AI
The leased property located at 1111 Brickell Avenue in Miami has been transacted between Parkway Properties as the landlord and Zilch as the new tenant. The transaction was facilitated by Alec Kirschner from Current Real Estate Advisors, representing Zilch.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Lease
- Address: 1111 Brickell Avenue
- Market: Miami
The leased property has a total square footage of 3,008 square feet, with an asking rent of $102 per square foot.
Players
Market 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
155519.61%
Cash-on-Cash
-44447.98%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93