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8118 Harding Avenue

Casita Stays Leases Hotel In Miami Beach For $52/ft. With Broker Orine Dadon - Adar Investments & Management
LEASEDHotel

Casita Stays Leases Hotel In Miami Beach For $52/ft. With Broker Orine Dadon - Adar Investments & Management

8118 Harding Avenue

$52

$52/SF

Building Size

10,170 SF

Asset Type

Hotel

Closing

Sep 28, 2022

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.

Players

Orine Dadon

Adar Investments & Management

Broker

$27M

vol

3 deals

Broker

Miami Beach Hotel Market Snapshot

Boundary boundary · Hotel · Lease transactions

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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