Nuveen Leases Office Space To Novo At 801 Brickell Avenue In Miami With Landlord's Rep Stephen Rutchik & Tom Farmer And Tenant's Rep Alec Kirschner From Current Real Estate Advisors
801 Brickell Avenue
$99
$99/SF
Building Size
411,613 SF
Asset Type
Office
Closing
Feb 15, 2023
AI
An office space located at 801 Brickell Avenue in Miami has been leased. The transaction took place on February 15, 2023. The property, spanning 18,450 square feet, was leased by Novo. The landlord of this space is Nuveen.
Summary of transaction details
- Property Type: Office
- Transaction Amount: Lease
- Address: 801 Brickell Avenue
- Market: Miami
The landlord, Nuveen, was represented by Stephen Rutchik and Tom Farmer from Colliers International. Alec Kirschner from Current Real Estate Advisors acted as the tenant's representative in the deal. The asking rent for the office space was $99 per square foot.
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
160232.32%
Cash-on-Cash
-45794.89%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93