Quest Workspaces Leases Office Space In Doral From Banyan Street Capital & Independencia Asset Management
3750 NW 87th Ave, Doral, FL 33178, USA
Building Size
23,454 SF
Asset Type
Office
Closing
Nov 30, 2022
AI
A lease transaction has taken place at 3750 NW 87th Avenue in Doral. The office property has been leased by Quest Workspaces. The property spans 23,454 square feet and the asking rent was $38.50 per square foot.
Summary of transaction details
- Property Type: Office
- Transaction Amount: Not Applicable (Lease)
- Address: 3750 NW 87th Avenue, Doral
- Tenant: Quest Workspaces
- Asking Rent: $38.50/ft.
The landlords involved in this lease transaction are Banyan Street Capital and Independencia Asset Management. They were represented by CBRE brokers Gordon Messinger and Randy Carballo. On the tenant side, Quest Workspaces was represented by Lance Benson from Newmark.
This lease transaction highlights the collaborative efforts between the landlords, Banyan Street Capital and Independencia Asset Management, and the tenant, Quest Workspaces. The negotiation process was facilitated by CBRE's brokers, Gordon Messinger and Randy Carballo, representing the landlords, and Lance Benson from Newmark, representing the tenant.
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
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93