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1160 Kane Concourse

Tom Brady Leases Office Space At 1160 Kane Concourse With Tere Blanca As Landlord's Rep
LEASEDOffice

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:

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

Brandon Charnas

Current Real Estate Advisors

Broker

$1.6M

vol

21 deals

Broker

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