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
- Property Type: Office
- Transaction Amount: N/A
- Address: 801 Brickell Avenue, Miami
- Market: Miami
- Landlord: Nuveen
- Tenant: Novo
- Landlord's Rep: Stephen Rutchik & Tom Farmer - Colliers International
- Tenant's Rep: Alec Kirschner - Current Real Estate Advisors
- Asking Rent: $99/ft
- SF: 18,450
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.
Market 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