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800 Brickell Avenue, Miami,...

Legend Advance Funding & Matrix Renewables Lease 5,000 SF Office Space At 800 Brickell, Miami
LEASEDOffice

Legend Advance Funding & Matrix Renewables Lease 5,000 SF Office Space At 800 Brickell, Miami

800 Brickell Avenue, Miami, FL 33131, USA

Building Size

5,000 SF

Asset Type

Office

Closing

Sep 21, 2021

AI

Legend Advance Funding & Matrix Renewables have signed a lease for an office space in Brickell, Miami. The property, located at 800 Brickell, is owned by Gatsby Enterprises. The lease was facilitated by Tyler de la Peña of Colliers, who represented the tenants in the transaction. The office space spans approximately 5,000 square feet.

Summary of transaction details

  • Property Type: Office
  • Transaction Date: 09/21/2021
  • Address: 800 Brickell, Brickell, Miami
  • Landlord: Gatsby Enterprises
  • Tenant: Legend Advance Funding & Matrix Renewables
  • Tenant's Representative: Tyler de la Peña - Colliers
  • Asking Rent: $54/ft.
  • Square Footage: 5,000

The lease agreement between Legend Advance Funding & Matrix Renewables and Gatsby Enterprises for the office space at 800 Brickell was successfully negotiated by Tyler de la Peña of Colliers. The terms of the lease include an asking rent of $54 per square foot.

Players

Tyler de la Peña

JLL

Broker

$19.1M

vol

7 deals

Broker
Gatsby Enterprises
Gatsby EnterprisesLandlord

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