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
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