University Of Miami Leases 42,000 SF Office Space At Flagler Station From Hamilton Development
9675 Northwest 117th Avenue
Building Size
42,000 SF
Asset Type
Office
Closing
Dec 15, 2025
AI
The asset involved in this transaction is an office property located at 9675 Northwest 117th Avenue in Miami, with a total square footage of 42,000. This property is part of a four-story building and serves as the new location for the University of Miami's UHealth offices.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Not specified
- Lease Term: 10-year
- Landlord: Whitfield Hamilton - Hamilton Development
- Tenant: Joe Echevarria - University of Miami
- Broker: Cameron Tallon - CBRE
- Amenities: Building-top signage for the university, fitness center, outdoor seating, flexible floor plates
Whitfield Hamilton, representing Hamilton Development, has secured a long-term tenant with the University of Miami, represented by Joe Echevarria. Broker Cameron Tallon from CBRE facilitated the leasing of this significant office space at Building 1300 at Flagler Station. The transaction highlights the growing demand for office amenities that support institutional needs.
Players
Medley 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