Dwight Capital Opens Miami Office At Milton Tower In Sunny Isles Beach
16690 Collins Ave Sunny Isles Beach, FL 33160, USA
$55
$55/SF
Building Size
3,600 SF
Asset Type
Office
Closing
May 1, 2023
AI
Dwight Capital has opened a Miami office at Milton Tower in Sunny Isles Beach. The office, located at 16690 Collins Avenue, will serve clients in South Florida's commercial real estate market. The asset is an office space with a size of approximately 3,600 square feet. The landlord of the property is J. Milton & Associates, while the tenant is Dwight Capital represented by Adam Sasouness. The asking rent for the space is $55 per square foot.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Not applicable
- Address: 16690 Collins Avenue
- Market: Sunny Isles Beach
- Landlord: J. Milton & Associates
- Tenant: Dwight Capital - Adam Sasouness
- Asking Rent: $55 per square foot
- Size: 3,600 square feet
Dwight Capital's expansion into South Florida's commercial real estate market aims to meet the increasing demand for real estate finance in the region. With the opening of their Miami office, Dwight Capital seeks to contribute to the growth of the area and serve clients in the market.
Players
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
288418.18%
Cash-on-Cash
-82430.80%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93