Martin Saidon Of Fortec Renews Office Lease For 3,559 Square Feet At 1395 Brickell Avenue
1395 Brickell Avenue
Building Size
3,559 SF
Asset Type
Office
Closing
Mar 17, 2026
AI
The property asset involved in this transaction is located at 1395 Brickell Avenue in Miami, designated as an office space. It encompasses a total of 3,559 square feet and is part of a market that supports various commercial activities. The tenant, Martin Saidon, represents Fortec, which is expanding its current footprint from an existing 2,081 square feet with a lease term of 66 months.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Not specified
- Square Footage: 3,559
- Address: 1395 Brickell Avenue
- Market: Miami
- Tenant: Martin Saidon - Fortec
- Lease Term: 66 months
This expansion is part of Fortec's strategy to enhance its headquarters lease and support its national growth, which includes a significant investment fund and a history of over $240 million in transactions focused on developing and acquiring preschool facilities nationwide.
Players
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