CAA-GBG Signs Lease For Office Space At 1688 Meridian Avenue In Miami Beach
1688 Meridian Avenue, Miami Beach, FL 33139, USA
Building Size
88,419 SF
Asset Type
Office
Closing
Apr 27, 2021
AI
The office property located at 1688 Meridian Avenue in Miami Beach has been leased. The transaction took place on 04/28/2021.
Summary of transaction details
- Property Type: Office
- Address: 1688 Meridian Avenue, Miami Beach
The tenant of the property is CAA-GBG, while Ivy Realty serves as the landlord. The lease deal was facilitated by @BrandonCharnas and Stefano Santoro from urrentRealEstate.
The asking rent for the office space was $50 per square foot, and the total area of the leased space is approximately 2,700 square feet.
Players
Miami Beach 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
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93