Winklevoss Twins Lease 8840 Square Feet Office At 545 Northwest 26th Street In Miami
545 Northwest 26th Street
Building Size
8,840 SF
Asset Type
Office
Closing
Apr 3, 2025
AI
The asset involved in this lease transaction is an office property located at 545 Northwest 26th Street in Miami's Wynwood district, encompassing a total area of 8,840 square feet. This property is part of the Miami market and is represented by Sterling Bay.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Not specified
- Address: 545 Northwest 26th Street
- Market: Miami
- Landlord: Andy Gloor & Chang Lee - Sterling Bay
- Tenant: Cameron & Tyler Winklevoss - Gemini
- Brokers: Andres del Corral, Juan Ruiz & Tere Blanca - Blanca Commercial Real Estate
- Lease Term: long-term
Cameron and Tyler Winklevoss of Gemini signed a long-term lease for the office space, marking it as their first location in South Florida. The landlord, represented by Andy Gloor and Chang Lee from Sterling Bay, continues to attract prominent tech and finance tenants to the property.
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