Jon Snow & Daniel Snow Lease Midtown Office Space At 3050 Biscayne Blvd With Landlord Crescent Heights
3050 Biscayne Boulevard, Miami, FL 33137, USA
Building Size
2,936 SF
Asset Type
Office
Closing
Oct 8, 2021
About this deal
AI
The office property located at 3050 Biscayne Blvd in Midtown has been leased for a term of 3 years. The total square footage of the space is 2,936 square feet. The landlord for this lease is Crescent Heights, and the tenant is Jon Snow & Daniel Snow - The Snow Agency.
Summary of transaction details
- Property Type: Office
- Transaction Amount: N/A
- Asking Rent: $41.50/ft.
- Square Footage: 2,936
- Lease Term: 3 years
- Landlord: Crescent Heights
- Tenant: Jon Snow & Daniel Snow - The Snow Agency
The Snow Agency, represented by Jon Snow & Daniel Snow, has secured a lease for the office space at 3050 Biscayne Blvd. This transaction reinforces the agency's commitment to the Midtown market and provides them with a suitable location for their operations.
Players
Miami Office Market Snapshot
Boundary boundary · Office · Lease transactions
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Deal FAQ
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