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1501 Biscayne Boulevard

Planet Fitness, Skyline Financial, Skilled Trades College And Keypoint Academy Lease Office Space In Miami
LEASEDOffice

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

Kevin Gonzalez

Colliers

Broker

17 deals

Broker

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