The Maercks Institute Leases Office Space At 3050 Biscayne Blvd In Edgewater, Miami
LEASED
Florida
See Similar DealsOffice11,000 SF
Leased 03/01/2022
LEASED
The Maercks Institute Leases Office Space At 3050 Biscayne Blvd In Edgewater, Miami
3050 Biscayne Boulevard, Miami, Florida 33137, United States
See Similar DealsOffice11,000 SF
Leased 03/01/2022
Summary
FLORIDA
Asset Type:Office
Total Square Footage:11,000 SF
Transaction Type:Lease
The Maercks Institute has recently signed a lease agreement for an office space located at 3050 Biscayne Blvd in the Edgewater market of Miami. The property, owned by Crescent Heights, spans 11,000 square feet and is being leased at an asking rent of $45 per square foot. The lease transaction was facilitated by Marber Arellano from LoKation®️ Real Estate.
Summary of transaction details
- Property Type: Office
- Transaction Amount: Lease
- Address: 3050 Biscayne Blvd
- Market: Edgewater, Miami
Marber Arellano from LoKation®️ Real Estate played a pivotal role as the broker representing The Maercks Institute in this lease transaction. The deal reflects the growing demand for office spaces in the Edgewater market, as evidenced by the competitive asking rent of $45 per square foot.
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Deal Type
NNN (Triple Net)
Effective Rent (Annual)
$630,513.36
Total Lease Value
$6,305,133.62
Net Landlord Cash Flow$630,513.36
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