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7561 NE 1st Ave

Patrick Beauregard Leases School To Atelier Elementary At 7561 Northeast 1st Avenue
LEASEDChurch

Patrick Beauregard Leases School To Atelier Elementary At 7561 Northeast 1st Avenue

7561 NE 1st Ave

$20

$20/SF

Building Size

7,266 SF

Asset Type

Church

Closing

Oct 10, 2024

AI

The asset involved in this transaction is a school located at 7561 Northeast 1st Avenue in the Little River market. The property has a total square footage of 7,266 and is leased under a NNN lease type. The asking rent is set at $20 per square foot.

Summary of transaction details:

This lease transaction highlights the involvement of key representatives in the deal. Molli Leoni and Steffanie Jacobson from The Alpha Commercial represent the landlord, while Carlos Cardenas from The Cardenas Group Realty represents the tenant. Their roles were essential in facilitating this lease agreement.

Players

Steffanie Jacobson

The Alpha Commercial

Broker

$17.9M

vol

12 deals

Broker

Miami Church Market Snapshot

Boundary boundary · Church · Lease transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

793150.00%

Cash-on-Cash

-226684.70%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93