Atria Health Research Signs 55,000 Square Foot Lease With Landlord Craig Robins In Miami
95 Northeast 40th Street
Building Size
—
Asset Type
Office
Closing
Sep 30, 2026
About this deal
AI
The property asset involved in this transaction is an office space located at 95 Northeast 40th Street in Miami, FL, within a mixed-use project that spans a total of 120,000 square feet. It has secured a construction loan indicated at $125 million and is projected for completion in 2028.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Not specified
- Landlord: Craig Robins - DACRA; L Catterton Real Estate; Bernard Arnault's family
- Tenant: Atria Health Research; Bippy Siegal - Raycliff Capital; Josh Harris - 26North Partners
- Leased Area: 55,000 square feet
The deal features key individuals representing both sides, with Craig Robins from DACRA and the family of Bernard Arnault involved as the landlords. The tenants include Atria Health Research, with Bippy Siegal from Raycliff Capital and Josh Harris from 26North Partners each taking a floor in the completed building.
On the Map
Office
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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