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
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