facebook
TradedTraded
    Home
    Search
    Closings
    Listings
    On Market
    Off Market
    Add a listing
    Vaults
    shh
    Rankings
    News
    Data
    Socials
    More


Messages

Go Pro
+ Submit+ Submit a Deal
Home

/

Deals

/

Florida

/

Hotel

/

Lease

/

300 21st Street

Sonder Leases Hotel At 300 21st St. From Jordache - Nakash Family With Brokers Robert Chattah & Aziz Kabbaj - Reshape Advisory
LEASEDHotel

Sonder Leases Hotel At 300 21st St. From Jordache - Nakash Family With Brokers Robert Chattah & Aziz Kabbaj - Reshape Advisory

300 21st Street

$95

$95/SF

Building Size

20,000 SF

Asset Type

Hotel

Closing

Dec 18, 2019

AI

The Abbey Hotel, located at 300 21st St., has been leased out to Sonder. The hotel, with approximately 20,000 square feet of space, has become the new venture for Sonder, with an asking rent of $95 per square foot.

Summary of transaction details:

  • Property Type: Hotel
  • Date: 12/18/2019
  • Tenant: Sonder
  • Landlord: Jordache - Nakash Family
  • Brokers: Robert Chattah & Aziz Kabbaj - Reshape Advisory
  • Asking Rent: $95 per square foot

The leasing deal for The Abbey Hotel was facilitated by Robert Chattah and Aziz Kabbaj of Reshape Advisory, representing the parties involved. This venture marks another milestone for Sonder and showcases their dedication to providing unique hospitality experiences.

Players

Robert Chattah

Broker

$227M

vol

10 deals

Broker
J
JordacheLandlord
S
SonderTenant

Miami Beach Hotel Market Snapshot

Boundary boundary · Hotel · Lease transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

166978.95%

Cash-on-Cash

-47723.10%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93