Intercredit Bank Leases Office Space At 860 Northwest 42nd Avenue For Seven Years
LEASED
$31
Florida
See Similar DealsOffice24,958 SF
Leased 08/18/2025
LEASED
Intercredit Bank Leases Office Space At 860 Northwest 42nd Avenue For Seven Years
860 Northwest 42nd Avenue
See Similar DealsOffice24,958 SF
Leased 08/18/2025
Summary
FLORIDA
Asset Type:Office
Price Per Square Foot:$31
Total Square Footage:24,958 SF
Transaction Type:Lease
The property asset involved in this transaction is an office space located at 860 Northwest 42nd Avenue in the Miami market. The total square footage of the asset is 24,958, and it operates under a NNN lease for a term of 7 years, with an asking rent of $31 per square foot.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $31/ft
- Lease Term: 7 Years
- Lease Type: NNN Lease
- Landlord: 850 Lejeune Towers
- Tenant: Intercredit Bank
- Tenant's Rep: Brandon Abate & Manny Chamizo III - One Sotheby's International Realty
This transaction reflects the collaboration between key individuals from One Sotheby's International Realty, specifically Brandon Abate and Manny Chamizo III, who represented Intercredit Bank in the leasing deal. The landlord for this property is identified as 850 Lejeune Towers.
Players
BROKERAGE
TENANT
Details
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Deal Type
NNN (Triple Net)
Effective Rent (Annual)
$886,958.05
Total Lease Value
$8,869,580.50
Net Landlord Cash Flow$886,958.05
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