Xcovery Inc Leases Office Space In Downtown Miami From Landlord Cecilia Zurita
168 Southeast 1st Street, Miami, Florida 33131, United States
Building Size
10,000 SF
Asset Type
Office
Closing
Feb 28, 2022
About this deal
AI
A lease agreement was recently closed for an office space located at 168 SE 1ST St in Downtown Miami. The property, spanning approximately 10,000 square feet, was leased by Xcovery Inc, a biotech company represented by Giovanni Selvaggi. The landlord, Cecilia Zurita, facilitated the lease transaction. The asking rent for the office space was $24 per square foot.
Summary of transation details
- Property Type: Office
- Transaction Amount: Lease
- Address: 168 SE 1ST St, Downtown Miami
Marber Arellano, from LoKation®️ Real Estate, served as the broker for Xcovery Inc. in this lease agreement. The deal was successfully negotiated with the assistance of Giovanni Selvaggi, who represents Xcovery Inc. as the company's broker representative.
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Boundary boundary · Office · Lease transactions
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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