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601 Brickell Key Drive

Sony Pictures Leases Office Space At Brickell Key Centre In Miami For $120/ft
LEASEDOffice

Sony Pictures Leases Office Space At Brickell Key Centre In Miami For $120/ft

601 Brickell Key Drive

$120

$120/SF

Building Size

38,500 SF

Asset Type

Office

Closing

Jan 17, 2025

AI

The property asset involved is located at 601 Brickell Key Drive in the Miami market. It is an office asset type that spans 38,500 square feet. The asking rent for the space is $120 per square foot, and it operates under a Full Service Gross lease. The landlord for this transaction is Masaveu Internacional.

Summary of transation details:

Key individuals in this deal include Cameron Tallon, Eric Groffman, and Randy Carballo representing the landlord, while Lance Benson represents the tenant. Note that Brickell Key Centre has recently completed over 160,000 square feet of deals following a $50 million renovation, marking a significant upgrade for the Class A office campus in Miami.

Players

Cameron Tallon

CBRE

Broker

8 deals

Broker
CBRE
CBREBrokerage

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

132191.67%

Cash-on-Cash

-37780.78%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93