Brent Saunders Of Bausch & Lomb Leases Office Space From Barry Sternlicht At 2340 Collins Avenue
2340 Collins Avenue
$125
$125/SF
Building Size
8,300 SF
Asset Type
Office
Closing
Jul 29, 2024
About this deal
AI
The property asset involved in this transaction is an office space located at 2340 Collins Avenue, Miami Beach. The lease transaction is structured as a NNN Lease with a rental rate of $125 per square foot, encompassing a total area of 8,300 square feet.
Summary of transation details:
- Property Type: Office
- Transaction Amount: $1,037,500
- Landlord: Barry Sternlicht - Starwood Capital Group
- Tenant: Brent Saunders - Bausch & Lomb
- Tenant's Representatives: Kevin Gonzalez & Stephen Rutchik - Colliers; Brandon Charnas - Current Real Estate Advisors
- Lease Date: 7/28/2024
The deal involves notable individuals such as Barry Sternlicht, representing Starwood Capital Group, who is the landlord. Brent Saunders acts as the tenant for Bausch & Lomb, while the tenant's representatives include Kevin Gonzalez and Stephen Rutchik from Colliers, along with Brandon Charnas from Current Real Estate Advisors.
On the Map
$125
$125/SF
Office
View full map
Players
Miami Beach Office Market Snapshot
Boundary boundary · Office · Lease transactions
Loading comparables…
Deal FAQ
Visit Stephen Rutchik to view all their deals.
Browse Miami Beach office leases on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
126904.00%
Cash-on-Cash
-36269.55%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93