facebook

traded

+ Submit
Home

/

Deals

/

Florida

/

Mixed Use

/

Lease

/

19505 Biscayne Boulevard, A...

Seritage Growth Properties Leases Esplanade At Aventura To CCRM Fertility
LEASEDMixed-use

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

Matthew Goodman

CBRE

Broker

6 deals

Broker
JLL
JLLBrokerage
Seritage Growth Properties
Seritage Growth PropertiesLandlord

Miami Mixed-use Market Snapshot

Boundary boundary · Mixed-use · Lease transactions

Loading comparables…

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