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1501 Biscayne Boulevard

Skilled Trades College Leases Office Space From Resorts World Omni For 12 Years In Miami
LEASEDOffice

Skilled Trades College Leases Office Space From Resorts World Omni For 12 Years In Miami

1501 Biscayne Boulevard

Building Size

30,300 SF

Asset Type

Office

Closing

Aug 13, 2025

AI

The property asset involved in this transaction is an office space located at 1501 Biscayne Boulevard, Miami, with a total square footage of 30,300. The asset is leased under the full-service gross lease type for a total lease term of 12 years.

Summary of transaction details:

The leasing arrangement involves key participants including the landlord Resorts World Omni and the tenant Skilled Trades College. The brokerage team representing the transaction consists of Kevin Gonzalez, Ana Paula, Jonathan Carter, and Dave Preston from Colliers, facilitating the deal between the two parties.

Players

Kevin Gonzalez

Colliers

Broker

17 deals

Broker

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