Kluger Kaplan Leases 17,757 SF Office At 201 Biscayne Boulevard Miami From Monarch Alternative Capital
201 Biscayne Boulevard
$67
$67/SF
Building Size
17,757 SF
Asset Type
Office
Closing
Dec 4, 2024
AI
The office asset leased is located at 201 Biscayne Boulevard in Miami, featuring a total square footage of 17,757. The lease is structured as a Full Service lease, distinct from a Triple Net lease. The landlord involved in the transaction is Monarch Alternative Capital.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Not specified
- Address: 201 Biscayne Boulevard
- Market: Miami
- Landlord: Monarch Alternative Capital
- Tenant: Josh M. Rubens, Shareholder - Kluger Kaplan
- Landlord's Representative: Steven Hurwitz & Douglas Okun - JLL
- Tenant's Representative: Stephen Rutchik - Colliers
- Lease Type: Full Service, Not Triple Net
The transaction features representation from Steven Hurwitz and Douglas Okun of JLL for the landlord, while the tenant is represented by Stephen Rutchik from Colliers. The parties involved highlight a collaborative effort in securing this office lease in a prominent Miami location.
Players
Miami 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
236761.19%
Cash-on-Cash
-67667.08%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93