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Foster And Partners Leases Office Space At 112 Northeast 41st Street In Miami

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LEASED
$70

Florida

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Office4,000 SF
Leased 10/21/2024
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Property Image
LEASED

Foster And Partners Leases Office Space At 112 Northeast 41st Street In Miami

112 Northeast 41st Street

See Similar Deals
Office4,000 SF
Leased 10/21/2024
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Summary

FLORIDA
Asset Type:Office
Price Per Square Foot:$70
Total Square Footage:4,000 SF
Transaction Type:Lease

The office asset involved in this transaction is located at 112 Northeast 41st Street, Miami. The leased space consists of 4,000 square feet and operates under a Modified Gross Lease. The asking rent for the property was set at $70 per square foot.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: $280,000
  • Lease Type: Modified Gross Lease
  • Landlord: Design Development Partners
  • Tenant: Foster and Partners
  • Landlord's Representative: Tony Arellano & Joe Fernandez - DWNTWN Realty Advisors
  • Tenant's Representative: Joyce Gato - Douglas Elliman

This lease agreement involved key representatives in the real estate sector, showcasing the collaboration between brokers and companies. Tony Arellano and Joe Fernandez represented Design Development Partners, while Joyce Gato represented Foster and Partners in the transaction.

Players

Tony Arellano
152 deals$1.6B volume
BROKER

Joe Fernandez
DWNTWN Realty Advisors
15 deals$56M volume
BROKER

Details

LEASED
IMAGE: Tony Arellano & Joe Fernandez DATE: 10/21/2024 ADDRESS: 112 Northeast 41st Street MARKET: Miami ASSET TYPE: Office LANDLORD: Design Development Partners TENANT: Foster and Partners LANDLORD'S REP: Tony Arellano (@TonyArellano2) & Joe Fernandez - DWNTWN Realty Advisors (@DWNTWNRealtyAdvisors) TENANT'S REP: Joyce Gato - Douglas Elliman ASKING RENT: $70/ft ~ SF: 4,000 LEASE TYPE: Modified Gross Lease

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Deal Type
Effective Rent (Annual)

$320,988.62

Total Lease Value

$3,209,886.21

Net Landlord Cash Flow$320,988.62