facebook
TradedTraded
    Home
    Search
    Closings
    Listings
    On Market
    Off Market
    Add a listing
    Vaults
    shh
    Rankings
    News
    Data
    Socials
    More


Messages

Go Pro
+ Submit+ Submit a Deal
Home

/

Deals

/

Florida

/

Office

/

Lease

/

201 S Biscayne Blvd Miami, ...

CP Group & Monarch Alternative Capital Lease Office Space To Larch Capital Partners, Bazbaz Development, And Strategic Hotel Funding LLC - JLL & CBRE Represent
LEASEDOffice

CP Group & Monarch Alternative Capital Lease Office Space To Larch Capital Partners, Bazbaz Development, And Strategic Hotel Funding LLC - JLL & CBRE Represent

201 S Biscayne Blvd Miami, FL 33132, USA

$62

$62/SF

Building Size

47,169 SF

Asset Type

Office

Closing

May 23, 2023

AI

The Citigroup Center in downtown Miami has seen over 50,000 square feet of office leasing activity, according to CP Group and Monarch Alternative Capital. The leases include agreements with Larch Capital Partners, Bazbaz Development, Strategic Hotel Funding LLC, and an undisclosed tenant. JLL and CBRE served as the representatives for the respective parties involved in these leasing deals. The property, located at 201 South Biscayne Boulevard, offers approximately 47,169 square feet of office space. The asking rent for the space is $62 per square foot.

Summary of transation details:

  • Property Type: Office
  • Transaction Amount: Not provided
  • Address: 201 South Biscayne Boulevard
  • Market: Miami
  • Landlord: CP Group & Monarch Alternative Capital
  • Tenant: Larch Capital Partners, Bazbaz Development, Strategic Hotel Funding LLC
  • Landlord's Representative: Steven Hurwitz, Doug Okun & Madeline Fine - JLL
  • Tenant's Representative: Randy Carballo, Grant Killingsworth & Thomas Haughton - CBRE
  • Asking Rent: $62/ft.
  • Square Footage: 47,169

CP Group and Monarch Alternative Capital facilitated the leasing agreements at the Citigroup Center, with JLL and CBRE providing representation. The notable tenants include Larch Capital Partners, Bazbaz Development, and Strategic Hotel Funding LLC, along with an undisclosed party. With this leasing activity, the Citigroup Center strengthens its position as a prominent hub for office space in downtown Miami.

Players

Steven Hurwitz

JLL

Broker

5 deals

Broker
CG
CP GroupLandlord

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

255854.84%

Cash-on-Cash

-73124.10%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93