ON Energy Leases Office Space At 2601 South Bayshore Drive With Landlord Your Insurance Attorney
2601 South Bayshore Drive
$78
$78/SF
Building Size
14,506 SF
Asset Type
Office
Closing
Jun 4, 2026
About this deal
AI
This office asset located at 2601 South Bayshore Drive in Miami encompasses a total square footage of 14,506. The property features a modified gross lease with an asking rent of $78 per square foot.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Not specified
- Address: 2601 South Bayshore Drive
- Market: Miami
- Landlord: Your Insurance Attorney
- Tenant: ON Energy
- Lease Term: 11 years
- Lease Type: Modified Gross Lease
- Brokers: Sebastian Chamizo & Manny Chamizo III - One Sotheby's International Realty
The deal signifies a complete corporate office move for ON Energy to PH-2 at the specified address, enhancing the presence of the company within the Coconut Grove office market. The brokerage team from One Sotheby's International Realty, led by Sebastian Chamizo and Manny Chamizo III, facilitated this transaction, indicative of the office market's growth potential.
On the Map
$78
$78/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
203371.79%
Cash-on-Cash
-58124.28%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93