Deco Capital Group Leases 11591 Sq.ft. Office Space To Pretium Partners In Miami Beach
1769 Purdy Ave, Miami Beach, FL, 331...
Building Size
11,591 SF
Asset Type
Office
Closing
Dec 15, 2022
AI
The lease transaction involved an office property located at 1769 Purdy Ave, Miami Beach, FL, 331... The property spans 11,591 square feet and was leased to Pretium Partners. The landlord, Deco Capital Group, facilitated the lease agreement.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Not Applicable
- Market: Miami Beach
- Landlord's Rep: Neil V. King III(CBRE), Stephen Rutchik(Colliers International)
- Tenant: Pretium Partners
- Landlord: Deco Capital Group
- Square Feet: 11,591
The key individuals involved in the deal were Neil V. King III from CBRE and Stephen Rutchik from Colliers International, serving as the landlord's representatives. Pretium Partners was the tenant in this lease agreement with Deco Capital Group as the landlord.
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