facebook

traded

+ Submit
Home

/

Deals

/

Florida

/

Office

/

Lease

/

801 Brickell Avenue

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
LEASEDOffice

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.

Players

Stephen Rutchik

Colliers

Broker

25 deals

Broker
Nuveen
NuveenLender
Nuveen
NuveenLandlord

Miami Office Market Snapshot

Boundary boundary · Office · Lease transactions

Loading comparables…

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