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2850 Tigertail Avenue, Miam...

D1 Capital Partners Leases Miami Office Space At 2850 Tigertail From Related Group
LEASEDOffice

D1 Capital Partners Leases Miami Office Space At 2850 Tigertail From Related Group

2850 Tigertail Avenue, Miami, FL 33133

Building Size

25,000 SF

Asset Type

Office

Closing

Jun 5, 2020

AI

Located at 2850 Tigertail in Miami, this office property was recently leased in a transaction that involved D1 Capital Partners and the Related Group. The tenant, represented by Tal & Oren Alexander of Douglas Elliman, is D1 Capital Partners, with Dan Sundheim as the individual associated with the lease. On the other side of the deal, the landlord, Related Group, was represented by Andrew Trench of Cushman & Wakefield. The terms of the lease are set for a 10-year period.

Summary of transaction details:

  • Property Type: Office
  • Asking Rent: $72/ft.
  • Square Footage: 25,000
  • Transaction Date: 06/05/2021
  • Tenant: D1 Capital Partners - Dan Sundheim
  • Tenant's Representative: Tal & Oren Alexander - Douglas Elliman
  • Landlord: Related Group - Nick Pérez & Jon Paul Pérez
  • Landlord's Representative: Andrew Trench - Cushman & Wakefield

Players

Oren Alexander

Official

Broker

$2B

vol

106 deals

Broker
Douglas Elliman
Douglas EllimanBrokerage
Related Group
Related GroupLender
Jon Paul Pérez

Jon Paul Pérez

Related Group

Landlord

$3B

vol

32 deals

Landlord
Capital Partners
Capital PartnersTenant

Miami 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