Arte Surfside Condo Leased At $150/ft. With Reid Heidenry & Dean Bloch
LEASED
$65,000
Florida
See Similar DealsCondo5,189 SF
Leased 06/01/2021
LEASED
Arte Surfside Condo Leased At $150/ft. With Reid Heidenry & Dean Bloch
8955 Collins Avenue
See Similar DealsCondo5,189 SF
Leased 06/01/2021
Summary
FLORIDA
Asset Type:Condo
Price Per Square Foot:$65,000
Total Square Footage:5,189 SF
Transaction Type:Lease
Located at 8955 Collins Ave in Surfside, this condo unit in the ARTE building was recently leased. The deal was facilitated by brokers Reid Heidenry from Reid Estate and Dean Bloch. The lease agreement was signed on June 1, 2021.
Summary of transation details
- Property Type: Condo
- Asking Rent: $150 per square foot
- Size: 5,189 square feet
- Deal Value: $65,000 (full ask) for a 2-year lease
This lease transaction showcases the demand for residential properties in Surfside. With a rental rate of $150 per square foot, this condo unit offers a spacious living area of 5,189 square feet. The deal was successfully negotiated by Reid Heidenry from Reid Estate and Dean Bloch. These brokers played a significant role in connecting the tenant and landlord and ensuring a smooth leasing process.
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Deal Type
NNN (Triple Net)
Effective Rent (Annual)
$386,659,453.36
Total Lease Value
$3,866,594,533.57
Net Landlord Cash Flow$386,659,453.36
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