Mindspace Leases Office Space At The Gateway At Wynwood In Miami
2916 N Miami Ave, Miami, FL, 33127
Building Size
30,000 SF
Asset Type
Office
Closing
Nov 22, 2023
AI
The property at 2916 N Miami Ave, Miami, FL, 33127 is an office asset comprising 30,000 square feet located at The Gateway at Wynwood in Miami. Mindspace has signed a lease for 435 workstations spread across the entire sixth floor of this Class A office building. The building offers flexible floorplans, a private rooftop terrace, 24/7 on-site security, and a luxury car washing service. Mindspace Gateway at The Gateway at Wynwood is set to open in spring 2023.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Not Provided
- Landlord: Aron Rosenberg
- Landlord's Representatives: Stephen Rutchik, Tom Farmer, Tyler De La Pena from Colliers International
- Property Developer: R&B Realty Group
Colliers' Executive Managing Director Stephen Rutchik, Managing Director Tom Farmer, and Director Tyler de la Pena represented The Gateway at Wynwood in the lease transaction with Mindspace. R&B Realty Group developed and manages the property, with Aron Rosenberg as the landlord. Mindspace is a global flex office provider that offers unique amenities and services tailored to the specific needs of companies, aiming to provide a premium office experience for its members.
Players
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