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255 Alhambra Circle

Industrious Leases 23000 SF Office Space At 255 Alhambra Circle In Coral Gables
LEASEDOffice

Industrious Leases 23000 SF Office Space At 255 Alhambra Circle In Coral Gables

255 Alhambra Circle

Building Size

23,000 SF

Asset Type

Office

Closing

Mar 20, 2026

AI

255 Alhambra Circle is an office asset located in the Coral Gables market, comprising 23,000 square feet. This location will serve as the first Coral Gables site for Industrious.

Summary of transaction details:

Industrious will occupy 23,000 square feet with 190 seats at this location, offering amenities such as craft coffee, secure Wi-Fi, and unlimited printing. This venture is in partnership with Terranova Corp., contributing to the expansion of Industrious' presence in South Florida amid increasing demand for coworking spaces, following its acquisition by CBRE.

Players

Alex Karakhanian

LNDMRK Development

Landlord

$337.2M

vol

20 deals

Landlord

Jamie Hodari

Industrious

Tenant

11 deals

Tenant

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

5.80%

Cash-on-Cash

-1.66%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93