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
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