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830 Brickell Avenue, Miami,...

Cushman & Wakefield Represents Marsh & McLennan Companies In Lease Deal At 830 Brickell In Miami
LEASEDOffice

Cushman & Wakefield Represents Marsh & McLennan Companies In Lease Deal At 830 Brickell In Miami

830 Brickell Avenue, Miami, Florida 33129, United States

Building Size

25,000 SF

Asset Type

Office

Closing

Apr 4, 2022

AI

A lease agreement was recently signed for an office space located at 830 Brickell in Miami. The property, spanning 25,000 square feet, was leased by Marsh & McLennan Companies. The transaction was facilitated by Brian Gale, Andrew Trench, and Ryan Holtzman from Cushman & Wakefield, who represented the landlord, Vlad Doronin of OKO Group and Cain International. Tony Jones, also from Cushman & Wakefield, acted as the tenant's representative.

Summary of transaction details

  • Property Type: Office
  • Transaction Amount: Not specified
  • Asking Rent: $100 per square foot
  • Address: 830 Brickell, Miami
  • Market: Miami

The lease agreement was successfully negotiated between the landlord and tenant. The landlord, Vlad Doronin, represents OKO Group and Cain International, while Marsh & McLennan Companies acts as the tenant. The deal was facilitated by the respective representatives, Brian Gale, Andrew Trench, Ryan Holtzman, and Tony Jones from Cushman & Wakefield.

Players

Brian Gale

Cushman & Wakefield

Broker

$389M

vol

16 deals

Broker
OKO Group
OKO GroupLandlord

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