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1900 Northeast Miami Court

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

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

1900 Northeast Miami Court

$55

$55/SF

Building Size

7,932 SF

Asset Type

Office

Closing

Apr 15, 2024

AI

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

Gridline Properties

Broker

$4.3M

vol

3 deals

Broker

Miami 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

288418.18%

Cash-on-Cash

-82430.80%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93