Crypto.com Leases Office Space At 1111 Brickell In Miami's Brickell Market
1111 Brickell Bay Drive, Miami, FL, USA
Building Size
3,426 SF
Asset Type
Office
Closing
Sep 1, 2021
AI
An office space located at 1111 Brickell in Miami's Brickell market has been leased. The transaction took place on September 1, 2021. The property, spanning 3,426 square feet, was leased by Crypto.com from landlord Roger Morales. The leasing was facilitated by Sandra Payne from The Keyes Company.
Summary of transaction details
- Property Type: Office
- Transaction Amount: Lease
- Address: 1111 Brickell
- Market: Miami - Brickell
- Tenant: Crypto.com
- Landlord: Roger Morales
- Broker: Sandra Payne - The Keyes Company
- Asking Rent: $62/ft.
- Square Footage: 3,426
The leasing deal was successfully negotiated by Sandra Payne from The Keyes Company on behalf of Crypto.com. This transaction marks another milestone for both the tenant and the landlord in the Miami - Brickell market.
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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