Amerant Center In Coral Gables Leased To The Morgan Law Group With Gordon Messinger And Cresa As Representatives
220 Alhambra Circle
$55
$55/SF
Building Size
20,000 SF
Asset Type
Office
Closing
Jan 22, 2024
AI
The property asset involved in the transaction is an office located at 220 Alhambra Circle - Amerant Center in the Coral Gables market. The office comprises a total area of 20,000 square feet and the asking rent is set at $55 per square foot.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $55/ft.
- Address: 220 Alhambra Circle - Amerant Center
- Market: Coral Gables
- Landlord: Amerant Bank
- Tenant: The Morgan Law Group
- Landlord's Representative: Gordon Messinger - CBRE
- Tenant's Representatives: Robert Orban & Zachary Talbot - Cresa
Key individuals in this lease transaction include Gordon Messinger representing Amerant Bank and the team of Robert Orban and Zachary Talbot representing The Morgan Law Group, all contributing to the successful closure of this lease deal.
Players
Coral Gables 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