AerSale Corporation Signs 10-Year Lease For Office Space At Doral Costa Office Park
9850 Northwest 41st Street
Building Size
35,718 SF
Asset Type
Office
Closing
Jan 22, 2024
AI
AerSale Corporation has secured a 10-year lease for 35,718 square feet of office space at Doral Costa Office Park in Doral, Florida. The move represents a significant expansion for the company, as it more than doubles its current space. The location offers various amenities and close proximity to Miami International Airport, making it an ideal choice for AerSale Corporation's new headquarters.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Not provided in the context
- Address: 9850 Northwest 41st Street, Doral, Florida
- Market: Doral
- Square Footage: 35,718
Triarch Capital Group, represented by Kevin Gonzalez, Stephen Rutchik, and Tom Farmer from Colliers International, acted as the landlord for this lease agreement. Mario Grosfeld, the principal at Triarch Capital Group, played a pivotal role in the negotiation process.
AerSale Corporation, the tenant, was represented by Maricarmen Cabrera, Rafael del Rosal, and Thad Adams from The Allen Morris Company. Nicolas Finazzo, the CEO of AerSale Corporation, was directly involved in the leasing decision.
The new headquarters in Doral will provide AerSale Corporation with a strategic location and ample space to support its growth and operations for the next decade. This relocation aligns with the company's vision and expansion plans, further solidifying its position in the Coral Gables market.
NOTE: This article does not provide specific transaction values or financial details beyond the lease term and square footage.
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