HSBC Leases Office Space At Four Seasons Tower Miami
1441 Brickell Avenue
$95
$95/SF
Building Size
21,000 SF
Asset Type
Office
Closing
Jan 3, 2024
AI
The Four Seasons Tower in Miami, located at 1441 Brickell Avenue, has been leased by HSBC. This office space spans 21,000 square feet and was leased at an asking rent of $95 per square foot. The lease transaction was facilitated by CBRE, with Barbara Liberatore Black and William Morrison representing HSBC as the tenant's representatives. On the other hand, Gordon Messinger from CBRE acted as the landlord's representative for Millennium Partners.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Lease
- Address: 1441 Brickell Avenue, Miami
- Tenant: HSBC
- Landlord: Millennium Partners
- Tenant's Representative: Barbara Liberatore Black & William Morrison - CBRE
- Landlord's Representative: Gordon Messinger - CBRE
- Asking Rent: $95/ft.
- SF: 21,000
The leasing arrangement between HSBC and Millennium Partners showcases the collaboration between CBRE, as the tenant's representatives and the landlord's representatives. This deal solidifies HSBC's presence in Miami's office market, allowing them to operate from the prestigious Four Seasons Tower on Brickell Avenue.
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
166978.95%
Cash-on-Cash
-47723.10%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93