Oscar A. De La Rosa's De La Rosa Law Leases 6,000 SF Office Space In Miami
850 Northwest 42nd Avenue
$43
$43/SF
Building Size
6,000 SF
Asset Type
Office
Closing
Mar 21, 2023
AI
The office building located at 850 Northwest 42nd Avenue in Miami has been leased. The property spans 6,000 square feet and is owned by Ivan Herrera. The tenant, De la Rosa Law, represented by Oscar A. De La Rosa, has signed a lease agreement for a term of 5 years. The asking rent for the space was $43 per square foot.
Summary of transaction details
- Property Type: Office
- Transaction Amount: Lease
- Address: 850 Northwest 42nd Avenue, Miami
- Landlord: Ivan Herrera
- Tenant: Oscar A. De La Rosa - De la Rosa Law
- Lease Term: 5 Years
- Asking Rent: $43 per square foot
Oscar A. De La Rosa from De la Rosa Law represented the tenant, negotiating the lease agreement for the office space at 850 Northwest 42nd Avenue in Miami. This transaction demonstrates the ongoing demand for commercial real estate in the area.
Players
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
368906.98%
Cash-on-Cash
-105434.75%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93