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400 Biscayne Blvd, Miami, F...

Skyx Platforms Corp. Leases Office Space At 400 Biscayne Blvd In Miami With Landlord's Rep Cameron Tallon - CBRE
LEASEDOffice

Skyx Platforms Corp. Leases Office Space At 400 Biscayne Blvd In Miami With Landlord's Rep Cameron Tallon - CBRE

400 Biscayne Blvd, Miami, FL 33132, USA

Building Size

32,200 SF

Asset Type

Office

Closing

Oct 1, 2022

AI

The recently closed lease transaction involved an office space located at 400 Biscayne Blvd in Miami. The property, spanning over 32,200 square feet, was leased by Skyx Platforms Corp. The landlords of the property are Property Markets Group and Greybrook Realty Partners.

Summary of transaction details:

  • Property Type: Office
  • Asking Rent: $80/ft.
  • Square Footage: 32,200
  • Date: 10/01/2022
  • Market: Miami

In the deal, Skyx Platforms Corp. secured the lease with the assistance of their representative, Jayde Shulman from United Realty Group. On the landlord's side, Cameron Tallon from CBRE and Ericka Witkowski from Witko Group represented Property Markets Group and Greybrook Realty Partners respectively.

A notable aspect of this lease is that Skyx Platforms Corp. was able to secure rooftop building signage, enhancing their visibility in the Miami skyline.

Players

Property Markets Group
Property Markets GroupLandlord
SC
Skyx Platforms Corp.Tenant

Miami 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