facebook

traded

+ Submit
Home

/

Deals

/

Florida

/

Office

/

Lease

/

1769 Purdy Ave, Miami Beach...

Deco Capital Group Leases 11591 Sq.ft. Office Space To Pretium Partners In Miami Beach
LEASEDOffice

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

Stephen Rutchik

Colliers

Broker

25 deals

Broker
Pretium
PretiumTenant

Miami Beach Office Market Snapshot

Boundary boundary · Office · Lease transactions

Loading comparables…

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