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355 Alhambra Cir, Miami, FL...

Cosentino North America Leases 23923 Square Feet At 355 Alhambra Cir In Coral Gables
LEASEDOffice

Cosentino North America Leases 23923 Square Feet At 355 Alhambra Cir In Coral Gables

355 Alhambra Cir, Miami, FL, 33134

Building Size

23,923 SF

Asset Type

Office

Closing

Nov 20, 2023

AI

The property involved in this transaction is located at 355 Alhambra Cir, Miami, FL, 33134. It is situated in the Coral Gables market and spans a total of 23,923 square feet. The landlord for this property is Prudential Financial, and the tenant, Cosentino North America, is represented by Justin Schultz from H3 Hospitality. The landlord's representative is Lena Weeks from Cushman & Wakefield.

Summary of transaction details:

  • Property Type: Lease
  • Transaction Amount: Not disclosed
  • Address: 355 Alhambra Cir, Miami, FL, 33134
  • Market: Coral Gables
  • Tenant: Cosentino North America
  • Landlord: Prudential Financial
  • Tenant's Representative: Justin Schultz (H3 Hospitality)
  • Landlord's Representative: Lena Weeks (Cushman & Wakefield)
  • Square Feet: 23,923

The deal showcases the involvement of key representatives, with Justin Schultz facilitating the interests of Cosentino North America and Lena Weeks acting on behalf of the landlord, Prudential Financial. This highlights the collaboration between the representatives in securing the lease agreement for the premises.

Players

Ryan Holtzman

Cushman & Wakefield

Broker

$90M

vol

14 deals

Broker
Prudential Financial
Prudential FinancialLender
Prudential Financial
Prudential FinancialLandlord

Coral Gables 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