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7415 Corporate Center Dr, M...

CP Group Leases Nearly 30,000 Square Feet To Multiple Tenants At The Landing At MIA
LEASEDOffice

CP Group Leases Nearly 30,000 Square Feet To Multiple Tenants At The Landing At MIA

Building Size

28,587 SF

Asset Type

Office

Closing

Nov 13, 2024

AI

The property asset involved in the transaction is an office space located at 7415 Corporate Center Drive in Miami. The total square footage of the asset is 28,587. The property is part of The Landing at MIA, a comprehensive office campus comprising 1.1 million square feet with immediate access to Miami International Airport.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: Not specified
  • Address: 7415 Corporate Center Drive
  • Market: Miami
  • Landlord: Angelo Bianco - CP Group
  • Tenant: Butler, Buckley, Deets Inc.; CVS Health; Trane Inc.; Harding Retail; Patagonia Sea Farms; Nomi Health; The Ashvins Group; FleetMasters
  • Broker: Gordon Messinger & Randy Carballo - CBRE

CP Group, recognized as Florida’s largest office landlord, successfully secured nearly 30,000 square feet in leasing agreements through this transaction. CBRE's Gordon Messinger and Randy Carballo played a pivotal role in facilitating all eight transactions, which included both new leases and a renewal, highlighting a collective effort in the deal.

Players

Gordon Messinger

CBRE

Broker

$164M

vol

33 deals

Broker

Market 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