Planet Fitness, Skyline Financial, Skilled Trades College And Keypoint Academy Lease Office Space In Miami
1501 Biscayne Boulevard
$48
$48/SF
Building Size
112,292 SF
Asset Type
Office
Closing
May 20, 2026
AI
The property located at 1501 Biscayne Boulevard comprises an office asset with a total square footage of 112,292. It is situated in the Miami market and operates under a modified gross lease structure.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Not specified
- Address: 1501 Biscayne Boulevard
- Market: Miami
- Tenant: Planet Fitness, Skyline Financial, Skilled Trades College, Keypoint Academy
- Lease Type: Modified Gross Lease
Colliers played a significant role in the leasing activity at the property, with brokers Kevin Gonzalez, Ana Paula, Stephen Rutchik, and Jonathan Carter representing the tenants. The diverse roster includes Planet Fitness, which secured a lease for 26,000 square feet, and Skyline Financial, which leased 25,420 square feet. Additionally, Skilled Trades College leased 30,300 square feet for its first U.S. campus, while Keypoint Academy expanded its operations by leasing 30,572 square feet at the property.
Players
Market 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
330479.17%
Cash-on-Cash
-94451.96%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93