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Monster Energy Leases Miami Office From Big Move Properties At $55/ft

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LEASED
$55

Florida

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Office7,932 SF
Leased 04/15/2024
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LEASED

Monster Energy Leases Miami Office From Big Move Properties At $55/ft

1900 Northeast Miami Court

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Office7,932 SF
Leased 04/15/2024
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Summary

FLORIDA
Asset Type:Office
Price Per Square Foot:$55
Total Square Footage:7,932 SF
Transaction Type:Lease

The office property located at 1900 Northeast Miami Court in Miami has been leased out to Monster Energy. The three-story building features a 7,932-square-foot space, with an asking rent of $55 per square foot. The transaction involved the landlord, Doug Levine of Big Move Properties, and the tenant, Rodney Sacks of Monster Energy.

Summary of transaction details:

Monster Energy, represented by Rodney Sacks, is preparing to open its new Miami office in the coming month. Emilia Howard of Gridline Properties represented the landlord, Doug Levine, in the leasing transaction. On the tenant side, the representatives from Cushman & Wakefield, John Marshall, and Vivian Gonzalez facilitated the deal, which also saw recent leases with Aroma 360 and Touchland at the property.

Players

Emilia Howard
3 deals$4.3M volume(305) 507-7098
BROKER


Details

LEASED
IMAGE: John Marshall, Vivian Gonzalez, Rodney Sacks, Emilia Howard & Doug Levine DATE: 04/15/2024 ADDRESS: 1900 Northeast Miami Court MARKET: Miami ASSET TYPE: Office LANDLORD: Doug Levine - Big Move Properties (@BigMoveProperties) TENANT: Rodney Sacks - Monster Energy (@MonsterEnergy) LANDLORD'S REP: Emilia Howard (@Ehpa_Mia) - Gridline Properties (@GridlineProperties) TENANT'S REP: John Marshall & Vivian Gonzalez (@VGonz1229) - Cushman & Wakefield (@CushWake) ASKING RENT: $55/ft. ~ SF: 7,932 NOTE: Monster Energy is set to open a new Miami office next month at a three-story building located between Wynwood and Downtown, as part of a series of leases that have filled the property. The beverage company secured a 7,932-square-foot space at 1900 NE Miami Court, with asking rent at $55 per square foot, while other recent deals at the property include leases with Aroma 360 and Touchland, facilitated by Gridline Properties and Cushman & Wakefield.

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Deal Type
Effective Rent (Annual)

$500,123.20

Total Lease Value

$5,001,231.99

Net Landlord Cash Flow$500,123.20