Keralty Hospital Miami Signs NNN Lease At MedSquare Place In Miami
9101 Southwest 24th Street, Miami, Florida 33155, United States
Building Size
14,000 SF
Asset Type
Office
Closing
Apr 17, 2022
About this deal
AI
MedSquare Place - 9101 SW 24th St, a 14,000 square foot office property located in Miami, has been leased by Keralty Hospital Miami. The lease, signed on 04/18/2022, is a NNN Lease with an asking rent of $35 per square foot.
Summary of transaction details
- Property Type: Office
- Transaction Date: 04/18/2022
- Address: MedSquare Place - 9101 SW 24th St, Miami
- Market: Miami
- Landlord: Juan Carlos (JC) Mas - Mas Group; Alberto J. Pérez - AJP Ventures
- Tenant: Keralty Hospital Miami
- Landlord Representative: Gordon Messinger - CBRE
- Asking Rent: $35 per square foot
- Lease Type: NNN Lease
The deal was facilitated by Gordon Messinger from CBRE, who represented Juan Carlos (JC) Mas from Mas Group and Alberto J. Pérez from AJP Ventures, the landlords.
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
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93