facebook
Traded Co logo
Submit
Daily limit: 0/10

Banco Master Leases Office Space At 830 Brickell Plaza In Miami For $190 Per Square Foot

Property Image
LEASED
$190

Florida

See Similar Deals
Office26,000 SF
Leased 07/30/2024
the dealplayerscompscontact
Property Image
LEASED

Banco Master Leases Office Space At 830 Brickell Plaza In Miami For $190 Per Square Foot

830 Brickell Plaza

See Similar Deals
Office26,000 SF
Leased 07/30/2024
Contact now

Summary

FLORIDA
Asset Type:Office
Price Per Square Foot:$190
Total Square Footage:26,000 SF
Transaction Type:Lease

The property asset involved in this transaction is an office space located at 830 Brickell Plaza in Miami. The tenant, Banco Master, has leased the last available space in the building, which consists of approximately 26,000 square feet. The asking rent for this space is recorded at $190 per square foot, showcasing the property's significant market value in the rapidly growing financial sector of the city.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: $190/ft
  • Address: 830 Brickell Plaza
  • Market: Miami
  • Landlord: Jonathan Goldstein & Justin Oates - Cain International; Vladislav Doronin - OKO Group
  • Tenant: Banco Master
  • Broker: Brian Gale - Cushman & Wakefield

This transaction highlights the involvement of key individuals and companies, including the landlords Jonathan Goldstein and Justin Oates representing Cain International, alongside Vladislav Doronin from OKO Group. The broker for this lease agreement was Brian Gale from Cushman & Wakefield. It is notable that despite this successful leasing effort, overall leasing activity in Miami's Brickell district has decreased by 25% compared to last year.

Players

Brian Gale
16 deals$389M volume
BROKER

Details

LEASED
IMAGE: Jonathan Goldstein, Justin Oates, Vladislav Doronin & Brian Gale DATE: 07/30/2024 ADDRESS: 830 Brickell Plaza MARKET: Miami ASSET TYPE: Office LANDLORD: Jonathan Goldstein & Justin Oates - Cain International; Vladislav Doronin (@VladislavDoronin_) - OKO Group (@PNCBank) TENANT: Banco Master BROKER: Brian Gale - Cushman & Wakefield (@CushWake) ASKING RENT: $190/ft ~ SF: 26,000 NOTE: Banco Master has leased the last available space at Miami's 830 Brickell tower, paying a record $190 per square foot, reflecting the city's rapid transformation into a financial hub. However, other office projects in Miami's Brickell district are struggling, with leasing activity down 25% city-wide compared to 2022.

Stay in the Know

Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.

By subscribing, you agree to our Terms of Service and Privacy Policy.

Similar Deals

Contact

Get in touch with the broker you want

Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
Effective Rent (Annual)

$5,663,156.38

Total Lease Value

$56,631,563.80

Net Landlord Cash Flow$5,663,156.38