INCA Investments Leases Office Space To The Risk Management Group In Miami For 10 Years

The property asset involved in this transaction is an office space located at 8950 Southwest 74th Court in the Miami market. The leased space spans 5,730 square feet and is under a modified gross lease with a term of 10 years. The asking rent for this space is set at $43 per square foot, totaling $20,532 per month in the first year.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: $20,532/month
• Address: 8950 Southwest 74th Court
• Market: Miami
• Landlord: INCA Investments
• Tenant: The Risk Management Group - TRMG
• Landlord's Representative: Andy Perez-Cervera - Compass
• Lease Term: 10 Years
• Lease Type: Modified Gross Lease

Andy Perez-Cervera from Compass represented INCA Investments in this transaction. The lease agreement included a 5-year lease with a 5-year renewal option, securing full asking rent with no concessions provided. The negotiation resulted in the selection of a quality tenant, further driving value for the landlord.