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
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