Tom Brady Leases Office Space At 1160 Kane Concourse With Tere Blanca As Landlord's Rep
1160 Kane Concourse
$125
$125/SF
Building Size
8,500 SF
Asset Type
Office
Closing
Jul 31, 2024
AI
The property asset involved in this transaction is an office space located at 1177 Kane Concourse in Bay Harbor Islands. The asset, which spans a total area of 8,500 square feet, was leased at an asking rent of $125 per square foot under a NNN lease agreement.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $1,062,500
- Landlord: David Martin
- Tenant: Tom Brady
- Landlord's Representative: Tere Blanca, Nicole Kaiser & Danet Linares - Blanca Commercial Real Estate
- Tenant's Representatives: Brandon Charnas - Current Real Estate Advisors; Kevin Gonzalez & Stephen Rutchik - Colliers
- Lease Date: 7/30/2024
This lease transaction involved notable figures such as Tom Brady as the tenant and David Martin as the landlord. The representatives for the landlord included professionals from Blanca Commercial Real Estate, while the tenant was represented by agents from Current Real Estate Advisors and Colliers, illustrating a collaboration between leading real estate firms in the area.
Players
Bay Harbor Islands 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
126904.00%
Cash-on-Cash
-36269.55%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93