Monarch Alternative Capital And Tourmaline Capital Partners Refinance 801 Brickell Avenue For $299M
801 Brickell Avenue
$229,000,000
$329/SF
Building Size
694,863 SF
Asset Type
Office
Closing
Sep 25, 2025
About this deal
AI
The asset is an office building located at 801 Brickell Avenue in Miami, featuring a total square footage of 694,863. This property is part of a market valued transaction involving a loan amount of $299,000,000 which was secured through refinancing.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $299,000,000
- Address: 801 Brickell Avenue
- Market: Miami
- Asset Size: 694,863 square feet
- Lender: David M. Solomon - Goldman Sachs
- Lender: Charles W. Scharf - Wells Fargo
- Landlord: Michael Weinstock - Monarch Alternative Capital
- Landlord: Chris Santana - Monarch Alternative Capital
- Landlord: Brandon Huffman - Tourmaline Capital Partners
- Loan Type: Refinance
The refinancing was executed to boost a 2023 mortgage by $80.4 million, facilitating continued investment in the property, which houses tenants including BNP Paribas, Mastercard, and Galderma, along with retail operations like Komodo restaurant and other food concepts.
On the Map
$229,000,000
$329/SF
Office
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Players
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.07%
Cash-on-Cash
-0.02%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93