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:
- Property Type: Office
- Transaction Amount: Not provided
- Address: 1900 Northeast Miami Court
- Market: Miami
- Landlord: Doug Levine - Big Move Properties
- Tenant: Rodney Sacks - Monster Energy
- Landlord's Rep: Emilia Howard - Gridline Properties
- Tenant's Rep: John Marshall & Vivian Gonzalez - Cushman & Wakefield
- Asking Rent: $55/ft.
- Square Footage: 7,932
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
Miami 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
288418.18%
Cash-on-Cash
-82430.80%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93