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:
- Property Type: School
- Transaction Amount: $20/ft
- Address: 7561 Northeast 1st Avenue
- Market: Little River
- Square Footage: 7,266
- Lease Type: NNN Lease
- Landlord: Patrick Beauregard
- Tenant: Atelier Elementary
- Landlord's Rep: Molli Leoni & Steffanie Jacobson - The Alpha Commercial
- Tenant's Rep: Carlos Cardenas - The Cardenas Group Realty
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
Miami Church Market Snapshot
Boundary boundary · Church · Lease transactions
Loading comparables…
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