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220 Alhambra Circle

Amerant Center In Coral Gables Leased To The Morgan Law Group With Gordon Messinger And Cresa As Representatives
LEASEDOffice

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:

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

Gordon Messinger

CBRE

Broker

$164M

vol

33 deals

Broker
Amerant Bank
Amerant BankLender
Amerant Bank
Amerant BankLandlord

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