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161 Northwest 6th Street

Dara Khosrowshahi Of CBRE Leases 13K SF Office At 161 Northwest 6th Street Miami
LEASEDOffice

Dara Khosrowshahi Of CBRE Leases 13K SF Office At 161 Northwest 6th Street Miami

161 Northwest 6th Street

Building Size

13,000 SF

Asset Type

Office

Closing

Jul 2, 2025

AI

The asset involved in this transaction is an office space located at 161 Northwest 6th Street in Miami. The total square footage is 13,000. This lease transaction contributes to the overall market presence in the Miami area.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: Not Specified
  • Address: 161 Northwest 6th Street
  • Market: Miami
  • Landlord: Stephen A. Schwarzman - Blackstone
  • Tenant: Dara Khosrowshahi - Uber
  • Landlord's Representative: Tere Blanca - Blanca Commercial Real Estate
  • Tenant's Representative: CBRE

Uber has expanded its presence at 3 MiamiCentral, increasing its total leased space in the building to 26,000 square feet with this new lease. The deal marks one of the largest transactions in Miami for Q2, highlighting the involvement of CBRE representing Uber and Blanca Commercial Real Estate representing the landlord, Blackstone.

Players

Tere Blanca

Blanca Commercial Real Estate

Broker

$111.4M

vol

21 deals

Broker
Blanca Commercial Real Estate
Blanca Commercial Real EstateBrokerage
CBRE
CBREBrokerage
Blackstone
BlackstoneLandlord
U
UberTenant

Miami Office Market Snapshot

Boundary boundary · Office · Lease transactions

Loading comparables…

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