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830 Brickell Plaza

Studio Three Leases 5800 SF For New Gym At 830 Brickell Plaza In Miami
LEASEDOffice

Studio Three Leases 5800 SF For New Gym At 830 Brickell Plaza In Miami

830 Brickell Plaza

Building Size

5,800 SF

Asset Type

Office

Closing

Apr 9, 2025

AI

The property asset involved in this transaction is an office space located at 830 Brickell Plaza in Miami, featuring a total square footage of 5,800. This office space is situated within a 57-story tower developed by Cain International and OKO Group, which is fully leased and is known to command some of the highest office rents in the region.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: Not specified
  • Address: 830 Brickell Plaza
  • Market: Miami
  • Landlord: Jonathan Goldstein & Justin Oates - Cain International; Vlad Doronin - OKO Group
  • Tenant: David Blitz - Studio Three
  • Landlord's Representative: Aaron Butler - Avenue Real Estate Partners
  • Tenant's Representative: Allan Perales - Goldstreet Partners

Studio Three, represented by Allan Perales of Goldstreet Partners, has leased the 5,800 SF space across two floors for a new gym set to open in Q1 2026. The deal reflects the involvement of key players in the market, including the landlord representatives from Cain International and OKO Group, Jonathan Goldstein, Justin Oates, and Vlad Doronin, along with Aaron Butler from Avenue Real Estate Partners representing the landlords.

Players

Aaron Butler
Verified Badge

Aaron Butler

Avenue Real Estate Partners

Broker

$52.4M

vol

9 deals

Broker
Vlad Doronin

Vlad Doronin

OKO Group

Landlord

$1.8B

vol

14 deals

Landlord
Cain International
Cain InternationalLandlord

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