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1441 Brickell Avenue, Miami...

Robert Allen Law Leases Office Space At 1441 Brickell Avenue In Miami
LEASEDOffice

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

Jeremy Hakala

Newmark

Broker

$144.5M

vol

17 deals

Broker
MP
Millennium PartnersLandlord

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