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701 Brickell Avenue, Miami,...

EFG Capital Leases Office Space At 701 Brickell Avenue In Miami With Tenant's Rep Glenn Gregory
LEASEDOffice

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

Brian Gale

Cushman & Wakefield

Broker

$389M

vol

16 deals

Broker
Nuveen
NuveenLandlord

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