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2811 Ponce De Leon Boulevard

ACI Worldwide Leases Office Space To Kandji Inc At 2811 Ponce De Leon Boulevard
LEASEDOffice

ACI Worldwide Leases Office Space To Kandji Inc At 2811 Ponce De Leon Boulevard

2811 Ponce De Leon Boulevard

$73

$73/SF

Building Size

27,712 SF

Asset Type

Office

Closing

Nov 9, 2024

AI

The property located at 2811 Ponce De Leon Boulevard in Coral Gables is an office asset comprising a total of 27,712 square feet. The asking rent for this property is set at $73 per foot, and the lease type is categorized as Other.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: $73/ft
  • Address: 2811 Ponce De Leon Boulevard
  • Market: Coral Gables
  • Sublandlord: ACI Worldwide
  • Subtenant: Kandji, Inc.
  • Sublandlord's Representative: Gordon Messinger, Thomas Haughton & Merrill Carr - CBRE
  • Subtenant's Representative: Shay Pope - Stream Realty Partners

The transaction involves notable representatives, including Gordon Messinger, Thomas Haughton, and Merrill Carr from CBRE representing ACI Worldwide as the sublandlord. Shay Pope from Stream Realty Partners represents Kandji, Inc. as the subtenant in this lease agreement.

Players

Gordon Messinger

CBRE

Broker

$164M

vol

33 deals

Broker
Stream Realty Partners⁠
Stream Realty Partners⁠Brokerage

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

217301.37%

Cash-on-Cash

-62105.40%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93