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120 NW 25th St, Wynwood, Mi...

REBEGOL, LLC Leases Office Space In Wynwood At 120 NW 25 St Suite # 301
LEASEDOffice

REBEGOL, LLC Leases Office Space In Wynwood At 120 NW 25 St Suite # 301

120 NW 25th St, Wynwood, Miami, FL, USA

Building Size

2,412 SF

Asset Type

Office

Closing

Feb 8, 2021

AI

An office space located at 120 NW 25 St Suite # 301 in Wynwood has been leased. The property, with a square footage of 2,412, was leased by REBEGOL, LLC. The landlord, DTM LLC of Lombardi Properties, facilitated the lease transaction. The deal was brokered by Adam Henick, Brandon Charnas, and Stefano Santoro of Current Real Estate. The asking rent for the office space was $30 per square foot.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: Not specified
  • Address: 120 NW 25 St Suite # 301
  • Market: Wynwood

The leasing of this office space demonstrates the demand for commercial properties in the Wynwood market. The involvement of REBEGOL, LLC as the tenant and DTM LLC as the landlord highlights the continued activity in the area. The deal was successfully facilitated by the team at Current Real Estate, including brokers Adam Henick, Brandon Charnas, and Stefano Santoro.

Players

Brandon Charnas

Current Real Estate Advisors

Broker

$1.6M

vol

21 deals

Broker
LP
Lombardi PropertiesLandlord

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