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1200 Ponce De Leon Boulevard

Knotel, Inc. Leases Office Space At Ofizzina In Coral Gables
LEASEDOffice

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

Gordon Messinger

CBRE

Broker

$164M

vol

33 deals

Broker
Knotel
KnotelBrokerage
Knotel
KnotelTenant

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