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1177 96th Street

Terra's David Martin Leases Office Space In Bay Harbor Islands For $145/SF With Tenant's Rep Marine Rollins
LEASEDOffice

Terra's David Martin Leases Office Space In Bay Harbor Islands For $145/SF With Tenant's Rep Marine Rollins

1177 96th Street

$145

$145/SF

Building Size

3,734 SF

Asset Type

Office

Closing

Apr 21, 2026

AI

The asset involved in this lease transaction is an office property located at 1177 96th Street in the Bay Harbor Islands market. The asking rent for the property is $145 per square foot, encompassing a total area of 3,734 square feet. The lease agreement is structured as a 10-year NNN lease.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: $145/ft
  • Square Footage: 3,734
  • Address: 1177 96th Street
  • Market: Bay Harbor Islands
  • Lease Term: 10 years
  • Lease Type: NNN Lease
  • Landlord: Terra - David Martin
  • Landlord's Representative: Tere Blanca, Nicole Kaiser & Danet Linares - Blanca Commercial Real Estate
  • Tenant's Representative: Marine Rollins - Miami Global Realty

Representing the landlord, Tere Blanca, Nicole Kaiser, and Danet Linares from Blanca Commercial Real Estate played a significant role in this transaction. On the tenant's side, Marine Rollins from Miami Global Realty was responsible for facilitating the agreement.

Players

Marine Rollins

Miami Global Realty

Broker

$277.4M

vol

12 deals

Broker
David Martin

David Martin

Terra

Landlord

$2.2B

vol

30 deals

Landlord

Surfside 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

109400.00%

Cash-on-Cash

-31266.86%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93