Monarch Alternative Capital Leases Office Space To Elektron Energy At 801 Brickell Avenue
801 Brickell Avenue
$107
$107/SF
Building Size
2,243 SF
Asset Type
Office
Closing
Jan 31, 2026
AI
The asset involved in this transaction is located at 801 Brickell Avenue in Miami, classified as an office space. The lease agreement is a Full Service Gross type with a duration of 5 years.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Not specified
- Lease Term: 5 Years
- Lease Type: Full Service Gross
- Landlord: Monarch Alternative Capital
- Tenant: Elektron Energy
- Tenant's Representative: Miguel Solis & Brandon Sors - Douglas Elliman
- Landlord's Representatives: Tom Farmer & Stephen Rutchik - Colliers
The deal involved significant representation, with Miguel Solis and Brandon Sors from Douglas Elliman representing Elektron Energy, while the landlord, Monarch Alternative Capital, was represented by Tom Farmer and Stephen Rutchik from Colliers.
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
148252.34%
Cash-on-Cash
-42370.97%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93