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3750 Northwest 87th Avenue,...

Quest Workspaces Leases Office Space In Doral From Banyan Street Capital & Independencia Asset Management
LEASEDOffice

Quest Workspaces Leases Office Space In Doral From Banyan Street Capital & Independencia Asset Management

3750 Northwest 87th Avenue, Doral, Florida 33178, United States

$38

$38/SF

Building Size

23,454 SF

Asset Type

Office

Closing

Nov 21, 2022

AI

An office space located at 3750 NW 87th Avenue in Doral has been leased. The transaction took place on November 21, 2022. The property, spanning approximately 23,454 square feet, was leased by Quest Workspaces. The leasing agreement was facilitated by the tenant's representative, Lance Benson from Newmark. The landlords, Banyan Street Capital and Independencia Asset Management, were represented by Gordon Messinger and Randy Carballo from CBRE. The asking rent for the office space was $38.50 per square foot.

Summary of transaction details

  • Property Type: Office
  • Transaction Amount: Not available
  • Address: 3750 NW 87th Avenue, Doral
  • Market: Doral

The leasing of the office space at 3750 NW 87th Avenue in Doral involved several key individuals and companies. Lance Benson from Newmark represented the tenant, Quest Workspaces, while Gordon Messinger and Randy Carballo from CBRE acted as the landlords' representatives, representing Banyan Street Capital and Independencia Asset Management. The leasing agreement had an asking rent of $38.50 per square foot.

Players

Gordon Messinger

CBRE

Broker

$164M

vol

33 deals

Broker
Banyan Street Capital
Banyan Street CapitalLandlord
QW
Quest WorkspacesTenant

Doral 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

417447.37%

Cash-on-Cash

-119307.74%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93