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801 Brickell Key Boulevard

Nuveen Leases Office Space At 801 Brickell Avenue In Miami With Tenant's Rep Alec Kirschner
LEASEDOffice

Nuveen Leases Office Space At 801 Brickell Avenue In Miami With Tenant's Rep Alec Kirschner

801 Brickell Key Boulevard

$99

$99/SF

Building Size

18,450 SF

Asset Type

Office

Closing

Feb 15, 2023

AI

The office space located at 801 Brickell Avenue in Miami has been leased. The property, owned by Nuveen, will now be occupied by Novo. The lease transaction was facilitated by Stephen Rutchik and Tom Farmer from Colliers International, representing Nuveen, and Alec Kirschner from Current Real Estate Advisors, representing Novo.

Summary of transaction details

This lease transaction marks a successful agreement between Nuveen and Novo. Both parties were represented by their respective brokers, with Stephen Rutchik and Tom Farmer from Colliers International acting on behalf of Nuveen, and Alec Kirschner from Current Real Estate Advisors advocating for Novo's interests.

Players

Stephen Rutchik

Colliers

Broker

25 deals

Broker
Nuveen
NuveenLender
Nuveen
NuveenLandlord

Market 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