This transaction involves a hotel asset located at 235 18th Street in the Miami Beach market. The asking rent for the property is set at $61 per square foot, with a total area of 4,779 square feet. The lease term agreed upon is 10 years, under a NNN Lease structure.

Summary of transaction details:

• Property Type: Hotel
• Transaction Amount: $61/ft
• Lease Term: 10 Years
• Lease Type: NNN Lease
• Landlord: Eli Dadon & Meir Elfassy - South Beach 18
• Tenant: Agave on the Beach
• Broker: Ariel Dadon & Orine Dadon - Adar Investments & Management
• Square Footage: 4,779

The deal features Eli Dadon and Meir Elfassy representing the landlord, South Beach 18. The tenant, Agave on the Beach, is entering this long-term lease for the specified hotel property. Brokers Ariel Dadon and Orine Dadon from Adar Investments & Management facilitated this transaction, marking another success in hotel leasing in the Miami Beach area. NOTE: Adar Investments & Management LLC has secured another hotel lease in a prime Miami Beach location. For exclusive off-market opportunities in hotel leasing and sales, reach out to Orine Dadon and Ariel Dadon today.