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16690 Collins Ave Sunny Isl...

Dwight Capital Opens Miami Office At Milton Tower In Sunny Isles Beach
LEASEDOffice

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

MA
Milton & AssociatesLandlord

Adam Sasouness

Dwight Capital

Tenant

$341.8M

vol

13 deals

Tenant

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