Robert Allen Law Leases Office Space At 1441 Brickell Avenue In Miami
1441 Brickell Avenue, Miami, Florida 33131, United States
Building Size
6,000 SF
Asset Type
Office
Closing
May 31, 2022
AI
The property involved in this transaction is an office located at 1441 Brickell Avenue in Miami. The lease was signed between the landlord, Millennium Partners, and the tenant, Robert Allen Law. The brokers representing both parties in the deal were Clay Sidner and Jeremy Hakala from Newmark. The lease transaction took place on 06/01/2022.
Summary of transaction details
- Property Type: Office
- Transaction Amount: Not specified
- Address: 1441 Brickell Avenue, Miami
The lease agreement for this office property was facilitated by the brokers Clay Sidner and Jeremy Hakala from Newmark. The asking rent for the space was $60 per square foot for a total area of 6,000 square feet.
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