Colliers International & Sunbeam Properties Lease 22,664 SF Office Space In Miramar
2753 N Commerce Pkwy, Miramar, FL...
Building Size
22,664 SF
Asset Type
Office
Closing
Jul 31, 2019
AI
The property located at 2753 N Commerce Pkwy, Miramar, FL, is an office asset encompassing 22664 square feet of space. This property, constructed in 1997, is part of the Miramar Park of Commerce, the largest locally owned and managed business park in South Florida.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Not specified
- Address: 2753 N Commerce Pkwy, Miramar, FL
- Market: Miramar
- Landlord's Representative: Lauren Pace (Colliers International), Maridee Bell (Sunbeam Properties)
- Landlord: Unknown
- Square Feet: 22664
International Aircraft Associates, headquartered at 10875 Marks Way, has expanded its corporate headquarters by 22,664 square feet at the above-mentioned property. The Miramar Park of Commerce is a strategic location for aviation-related companies, with tenants like Spirit Airlines and Acordis Technology & Solutions having a presence in the business park.
Miramar 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