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
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