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400 Biscayne Boulevard, Mia...

Skyx Platforms Corp. Leases Office Space At 400 Biscayne Blvd In Miami With Tenant's Rep Jayde Shulman
LEASEDOffice

Skyx Platforms Corp. Leases Office Space At 400 Biscayne Blvd In Miami With Tenant's Rep Jayde Shulman

400 Biscayne Boulevard, Miami, Florida 33131, United States

Building Size

32,200 SF

Asset Type

Office

Closing

Sep 30, 2022

AI

A lease transaction has taken place for an office asset located at 400 Biscayne Blvd in Miami. The lease was signed on 10/01/2022.

Summary of transation details

  • Property Type: Office
  • Address: 400 Biscayne Blvd
  • Market: Miami

The landlord in this transaction is Property Markets Group and Greybrook Realty Partners.

The tenant is Skyx Platforms Corp.

The landlord's representatives are Cameron Tallon from CBRE and Ericka Witkowski from Witko Group.

The tenant's representative is Jayde Shulman from United Realty Group.

The asking rent for this lease transaction was $80 per square foot, and the total square footage of the property is 32,200.

Note from the tenant's representative: Skyx secured rooftop building signage, creating visibility in the Miami skyline.

Players

Cameron Tallon

CBRE

Broker

8 deals

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

Miami Office Market Snapshot

Boundary boundary · Office · Lease transactions

Loading comparables…

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