CMA CGM Leases 20173 Square Feet From Sabal Capital Partners At 2 S Biscayne Blvd Miami
2 S Biscayne BLVD, Miami, FL, 33131
Building Size
20,173 SF
Asset Type
Office
Closing
Jul 7, 2022
About this deal
AI
The property involved in this transaction is located at 2 S Biscayne Blvd, Miami, FL, 33131. This lease encompasses a total area of 20,173 square feet within the Miami market.
Summary of transaction details:
- Property Type: Lease
- Transaction Amount: Not specified
- Address: 2 S Biscayne Blvd, Miami, FL, 33131
- Market: Miami
- Tenant: CMA CGM
- Landlord: Sabal Capital Partners
- Tenant's Representative: Jeremy Hakala - Newmark
The transaction features CMA CGM as the tenant, with Sabal Capital Partners serving as the landlord. Jeremy Hakala from Newmark represents the tenant in this deal.
On the Map
Office
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Players
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
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93