Softbank Group Corp. Leases Office Space At Four Seasons Tower In Miami For $100/ft
1441 Brickell Avenue
$100
$100/SF
Building Size
6,000 SF
Asset Type
Office
Closing
Apr 4, 2025
About this deal
AI
The property asset involved is an office space located at Four Seasons Tower, 1441 Brickell Avenue, in the Miami market. The lease agreement has an asking rent of $100 per square foot for a total of 6,000 square feet. The lease type is Full Service Gross.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $600,000
- Landlord: Millennium Partners
- Tenant: Softbank Group Corp.
- Landlord's Representative: Gordon Messinger - CBRE
- Tenant's Representatives: Jeremy Hakala & Clay Sidner - Newmark
- Date of Transaction: 04/04/2025
This transaction involves key individuals including Gordon Messinger, who represents the landlord through CBRE, and Jeremy Hakala alongside Clay Sidner, representing the tenant via Newmark. Their involvement highlights the collaborative efforts in securing this lease agreement.
On the Map
$100
$100/SF
Office
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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
158630.00%
Cash-on-Cash
-45336.94%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93