Tricera Capital And LNDMRK Development Lease Office Space To Blockchain.com At 222 NW 24th St. In Miami
222 Northwest 24th Street, Miami, Florida 33127, United States
Building Size
22,000 SF
Asset Type
Office
Closing
Feb 21, 2022
AI
The office property located at 222 NW 24th St. in Miami has been leased. The transaction took place on 02/22/2022.
Summary of transaction details:
- Property Type: Office
- Market: Miami
- Asking Rent: $43/ft.
- Square Footage: 22,000
The landlord for this lease is Tricera Capital, represented by Ben Mandell, Scott Sherman, and LNDMRK Development. The tenant, Blockchain.com, was represented by Peter Smith. JLL acted as the landlord's representative, with Eric Groffman, Cameron Tallon, and Edward Quinon from their team. Blanca Commercial Real Estate, Inc. represented the tenant, with Danet Linares, Tere Blanca, and David Valdez.
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