facebook

traded

+ Submit
Home

/

Deals

/

Florida

/

Office

/

Lease

/

2900 Monarch Lakes Boulevard

Greenberg Traurig, P.A. Leases 10,313 SF Office Space At 2900 Monarch Lakes Boulevard
LEASEDOffice

Greenberg Traurig, P.A. Leases 10,313 SF Office Space At 2900 Monarch Lakes Boulevard

2900 Monarch Lakes Boulevard

$44,444

$44,444/SF

Building Size

10,313 SF

Asset Type

Office

Closing

Jan 14, 2025

AI

The property asset involved in the context is an office space located at 2900 Monarch Lakes Boulevard in Miramar. The asset spans a total of 10,313 square feet and operates under a NNN Lease structure.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: Not Applicable
  • Address: 2900 Monarch Lakes Boulevard
  • Market: Miramar
  • Landlord: Miramar Tech
  • Tenant: Greenberg Traurig, P.A.
  • Landlord's Representative: Deanna Lobinsky - Cushman & Wakefield
  • Tenant’s Representatives: Jeremy Hakala, Mike Shuler and Clay SidnerNewmark
  • Landlord's Counsel: Stephan A. Rapaglia, Esq. - Lachtman Cohen & Belowich LLP

This transaction features significant involvement from multiple parties with distinct roles. Deanna Lobinsky represented Miramar Tech in the lease agreement, while Greenberg Traurig, P.A. was represented by Jeremy Hakala, Mike Shuler, and Clay Sidner, all from Newmark. The legal counsel for the landlord in this transaction was provided by Stephan A. Rapaglia, Esq. from Lachtman Cohen & Belowich LLP.

Players

Jeremy Hakala

Newmark

Broker

$144.5M

vol

17 deals

Broker

Miramar Office Market Snapshot

Boundary boundary · Office · Lease transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

356.92%

Cash-on-Cash

-102.01%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93