Casita Stays Leases Hotel In Miami Beach For $52/ft. With Broker Orine Dadon - Adar Investments & Management
8118 Harding Avenue
Building Size
10,170 SF
Asset Type
Hotel
Closing
Sep 28, 2022
About this deal
AI
Located at 8118 Harding Avenue in Miami Beach, this property is a hotel asset that recently went through a lease transaction. The tenant, Casita Stays, has secured a lease agreement for this property. The deal was facilitated by broker Orine Dadon from Adar Investments & Management.
Summary of transaction details:
- Property Type: Hotel
- Asking Rent: $52/ft. with a total square footage of 10,170
- Date: 09/28/2022
- Tenant: Casita Stays
- Broker: Orine Dadon - Adar Investments & Management
Orine Dadon played a dual role in this transaction, representing both the tenant, Casita Stays, and the landlord. This lease deal adds to Casita Stays' extensive portfolio, as they are an established local vacation rental operator with successful management of over 200+ units in Miami.
To inquire about off-market deals and opportunities, you can reach out to Orine Dadon at [email protected] or call (954) 224-1323.
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
305057.69%
Cash-on-Cash
-87186.42%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93