Lease Agreement Finalized For 3,436 SF Office At 1545 Northwest 123rd Street North Miami
1545 Northwest 123rd Street
$4,000
$4,000/SF
Building Size
3,436 SF
Asset Type
Office
Closing
Aug 27, 2024
AI
The lease transaction involved a 3,436 square foot office space located at 1545 Northwest 123rd Street, North Miami, with an asking rent of $4,000 per month. This office asset is positioned in the North Miami market.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $4,000/Month
- Address: 1545 Northwest 123rd Street
- Market: North Miami
- Square Footage: 3,436
- Brokers: Paola Chapman & Tatiana Escobar - APEX Capital Realty
APEX Capital Realty's brokers, Paola Chapman and Tatiana Escobar, successfully facilitated the lease agreement for the office space, representing both the landlord and the tenant in the transaction.
Players
North 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
3965.75%
Cash-on-Cash
-1133.42%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93