The Source Real Estate Leases Office Space At 7425 Southwest 42nd Street For $25/ft
7425 Southwest 42nd Street
$25
$25/SF
Building Size
5,768 SF
Asset Type
Office
Closing
Oct 1, 2026
About this deal
AI
The property involved in this transaction is located at 7425 Southwest 42nd Street in Miami, which is classified as an office asset. The property boasts an asking rent of $25 per square foot and encompasses a total area of 5,768 square feet. The lease agreement is for a term of 10 years under a NNN lease structure.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $144,200
- Tenant: The Source Real Estate
- Tenant's Representative: George Collazo Jr. & Ryan Hernandez - The Source Real Estate
- Lease Term: 10 years
- Asking Rent: $25/ft
- Market: Miami
The Source Real Estate, represented by George Collazo Jr. & Ryan Hernandez, is advancing as one of the fastest-growing brokerages in Miami-Dade County. This expansion into a larger office space is intended to accommodate their growing team, foster collaboration, and enhance their operational success.
On the Map
$25
$25/SF
Office
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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
634520.00%
Cash-on-Cash
-181347.76%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93