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9850 Northwest 41st Street

HS Jo Of JLL Represents Samsung Electronics In 14,138 SF Lease Renewal At Doral Costa Office Park
LEASEDOffice

HS Jo Of JLL Represents Samsung Electronics In 14,138 SF Lease Renewal At Doral Costa Office Park

9850 Northwest 41st Street

Building Size

14,138 SF

Asset Type

Office

Closing

Jan 12, 2025

AI

The property asset involved in this transaction is a Class A office space located at 9850 Northwest 41st Street in Doral, Florida. The total square footage of the office space is 14,138. The office park is strategically positioned near Miami International Airport and major highways, contributing to its attractiveness in the market.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: Not specified
  • Address: 9850 Northwest 41st Street
  • Market: Doral
  • Landlord: Jorge Linkewer - Doral Costa Capital, c/o Triarch Capital Group
  • Tenant: HS Jo - Samsung Electronics LATAM
  • Landlord's Representative: Jonathan Kingsley, Kevin Gonzalez & Tom Farmer - Colliers
  • Tenant's Representative: Adam Bernstein - JLL
  • Lease Renewal: 14,138-square-foot lease renewed
  • Occupancy Rate: 93%

The deal features key representatives such as Jonathan Kingsley, Kevin Gonzalez, and Tom Farmer from Colliers, representing the landlord Doral Costa Capital. Adam Bernstein from JLL represented Samsung Electronics' Latin American division in this lease renewal, ensuring the transaction was effectively managed between both parties.

Players

Adam Bernstein

JLL

Broker

7 deals

Broker

Doral 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