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2753 N Commerce Pkwy, Miram...

Colliers International & Sunbeam Properties Lease 22,664 SF Office Space In Miramar
LEASEDOffice

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.

Players

Lauren Pace

Colliers

Broker

3 deals

Broker

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