LEASEDOffice
Triple Crown Associates Leases Office Space At 44 West Flagler Street Suite Miami
44 West Flagler Street, Miami, FL, USA
Building Size
6,559 SF
Asset Type
Office
Closing
Apr 29, 2021
AI
Triple Crown Associates has leased a 6,559 square foot office space at 44 West Flagler Street Suite in Miami. The lease transaction was completed on April 30, 2021. The office is owned by Brickman Associates.
Summary of transaction details
- Property Type: Office
- Transaction Amount: Lease
- Address: 44 West Flagler Street Suite, Miami
- Tenant: Triple Crown Associates
- Landlord: Brickman Associates
- Brokers: Stefano Santoro and Brandon Charnas of Current Real Estate
- Asking Rent: $35 per square foot
Stefano Santoro and Brandon Charnas of Current Real Estate represented Triple Crown Associates in the lease deal.
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