Moshe Aizenman Leases Office Space At 168 SE 1st St In Downtown Miami
168 Southeast 1st Street, Miami, Florida 33131, United States
$25
$25/SF
Building Size
5,100 SF
Asset Type
Office
Closing
Nov 1, 2022
About this deal
AI
Located in Downtown Miami, the office space at 168 SE 1st St has recently been leased. The lease was facilitated by broker Marber Arellano from Exp Realty. The landlord, Diego Pereira, successfully signed a lease agreement with the tenant, Moshe Aizenman.
Summary of Transaction Details:
- Property Type: Office
- Address: 168 SE 1st St
- Market: Downtown Miami
- Asking Rent: $25/ft.
- Square Footage: 5,100 SF
- Lease Type: Modified Gross Lease
The deal, which was closed on 11/01/2022, involved an office space measuring approximately 5,100 square feet. With an asking rent of $25 per square foot, the lease was successfully negotiated as a Modified Gross Lease. The transaction was overseen by broker Marber Arellano from Exp Realty, representing both the landlord, Diego Pereira, and the tenant, Moshe Aizenman.
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