Seritage Growth Properties Leases Esplanade At Aventura To CCRM Fertility
19505 Biscayne Boulevard, Aventura, Florida 33180, United States
Building Size
18,200 SF
Asset Type
Mixed-use
Closing
Mar 15, 2022
AI
The Esplanade at Aventura, located at 19505 Biscayne Blvd in Aventura, has recently been leased. The mixed-use property, owned by Seritage Growth Properties, has secured CCRM Fertility as its new tenant. The lease transaction was facilitated by Gordon Messinger of CBRE, representing the landlord, and Matthew Goodman and Iker Belauste of JLL, representing the tenant.
Summary of transaction details
- Property Type: Mixed-use
- Transaction Date: 03/16/2022
- Market: Aventura
- Asking Rent: $65/ft.
- Square Footage: 18,200 SF
Gordon Messinger of CBRE represented Seritage Growth Properties, the landlord, in the lease transaction of the Esplanade at Aventura. Matthew Goodman and Iker Belauste, both from JLL, served as the tenant's representatives. Together, they finalized the deal, securing CCRM Fertility as the new tenant for this mixed-use property in Aventura.
Players
Miami Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Lease transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93