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120 NE 27th St, Miami, FL, ...

Bill Rammos Leases 3700 Sq Ft Miami Office Space At 120 NE 27th St
LEASEDOffice

Bill Rammos Leases 3700 Sq Ft Miami Office Space At 120 NE 27th St

120 NE 27th St, Miami, FL, 33137

Building Size

3,700 SF

Asset Type

Office

Closing

May 25, 2021

AI

Located at 120 NE 27th St, Miami, FL, 33137, the property involved in this lease transaction is an office space spanning 3,700 square feet. The landlord, Bill Rammos, represented by Tony Arellano from DWNTWN Realty Advisors, facilitated this deal in the vibrant Miami market.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: Not Applicable
  • Landlord: Bill Rammos
  • Landlord's Representative: Tony Arellano (DWNTWN Realty Advisors)
  • Market: Miami

This lease deal was finalized on 05/25/2021, bringing together the landlord, Bill Rammos, and Tony Arellano from DWNTWN Realty Advisors, representing Bill Rammos in the transaction. The 3,700 square feet office space at 120 NE 27th St, Miami, FL, 33137, now serves as a new business location in the thriving Miami market.

Players

Tony Arellano
Verified Badge

Tony Arellano

DWNTWN Realty Advisors

Broker

$1.6B

vol

154 deals

Broker

Bill Rammos

Landlord

$5.7M

vol

2 deals

Landlord

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