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
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