Knotel, Inc. Leases Office Space At Ofizzina In Coral Gables
1200 Ponce De Leon Boulevard
$47
$47/SF
Building Size
23,700 SF
Asset Type
Office
Closing
Sep 15, 2022
AI
An office space located at 1200 Ponce de Leon Boulevard in Coral Gables has been leased by Knotel, Inc. The property, known as Ofizzina, offers 23,700 square feet of space. The transaction was facilitated by Gordon Messinger of CBRE, representing the landlord Black Salmon, and Clay Sidner of Newmark, representing the tenant.
Summary of transaction details
- Property Type: Office
- Transaction Amount: Not available
- Address: 1200 Ponce de Leon Boulevard, Coral Gables
- Market: Coral Gables
Gordon Messinger from CBRE acted as the landlord's representative, while Clay Sidner from Newmark represented Knotel, Inc. in the lease agreement for Ofizzina. The asking rent for the office space was $47 per square foot.
Players
Coral Gables 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
337510.64%
Cash-on-Cash
-96461.58%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93