EFG Capital Leases Office Space At 701 Brickell Avenue In Miami With Tenant's Rep Glenn Gregory
701 Brickell Avenue, Miami, Florida 33131, United States
Building Size
32,480 SF
Asset Type
Office
Closing
Jul 19, 2022
AI
An office space located at 701 Brickell Avenue in Miami has been leased. The property, with a total area of 32,480 square feet, was leased by tenant EFG Capital. The lease transaction was facilitated by the landlord's representatives, Brian Gale, Andrew Trench, and Ryan Holtzman from Cushman & Wakefield, and the tenant was represented by Glenn Gregory from Transwestern. The lease was signed on July 20, 2022.
Summary of transaction details:
- Property Type: Office
- Transaction Date: 07/20/2022
- Address: 701 Brickell Avenue, Miami
- Landlord: Nuveen Real Estate
- Tenant: EFG Capital
- Landlord's Representative: Brian Gale, Andrew Trench, and Ryan Holtzman - Cushman & Wakefield
- Tenant's Representative: Glenn Gregory - Transwestern
- Asking Rent: $80/ft.
- Total Square Footage: 32,480
The lease transaction involved the office space located at 701 Brickell Avenue in Miami. EFG Capital signed the lease agreement for the property, with a total area of 32,480 square feet. Assisting in the transaction were the landlord's representatives Brian Gale, Andrew Trench, and Ryan Holtzman from Cushman & Wakefield, along with the tenant's representative Glenn Gregory from Transwestern. This lease agreement was made on July 20, 2022.
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