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 Sidner – Newmark
- 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
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
356.92%
Cash-on-Cash
-102.01%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93