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201 Biscayne Boulevard

Kluger Kaplan Leases 17,757 SF Office At 201 Biscayne Boulevard Miami From Monarch Alternative Capital
LEASEDOffice

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

Steven Hurwitz

JLL

Broker

5 deals

Broker

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