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
About this deal
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:
- Property Type: Office
- Transaction Amount: $120/ft
- Square Footage: 38,500
- Landlord: Masaveu Internacional
- Tenant: Sony Pictures
- Landlord's Representative: Cameron Tallon, Eric Groffman & Randy Carballo - CBRE
- Tenant's Representative: Lance Benson - Newmark
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.
On the Map
$120
$120/SF
Office
View full map
Players
Miami Office Market Snapshot
Boundary boundary · Office · Lease transactions
Loading comparables…
Deal FAQ
Visit Lance Benson to view all their deals.
Browse Miami office leases on Traded.
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