Moshe Aizenman Leases Office Space In Downtown Miami
168 Northeast 1st Avenue
$25
$25/SF
Building Size
5,100 SF
Asset Type
Office
Closing
Nov 1, 2022
About this deal
AI
The office space located at 168 SE 1st St in Downtown Miami has been leased in a closed transaction. The property spans 5,100 square feet and was leased under a Modified Gross Lease. The asking rent for the space was $25 per square foot.
Summary of transaction details
- Property Type: Office
- Transaction Amount: Not specified
- Date: 11/01/2022
- Address: 168 SE 1st St, Downtown Miami
- Market: Downtown Miami
- Landlord: Diego Pereira
- Tenant: Moshe Aizenman
- Broker: Marber Arellano - Exp Realty
- Asking Rent: $25 per square foot
- Lease Type: Modified Gross Lease
Diego Pereira acted as the landlord for this leasing transaction, while the tenant, Moshe Aizenman, secured the office space. Marber Arellano from Exp Realty represented both parties as the broker.
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
634520.00%
Cash-on-Cash
-181347.76%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93