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1441 Brickell Avenue

Softbank Group Corp. Leases Office Space At Four Seasons Tower In Miami For $100/ft
LEASEDOffice

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

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.

Players

Gordon Messinger

CBRE

Broker

$164M

vol

33 deals

Broker
MP
Millennium PartnersLandlord
SC
Softbank Group Corp.Tenant

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