Starbucks Wairua And Lola And The Boys Lease 4719 Square Feet At Esplanade In Aventura
19505 Biscayne Boulevard
Building Size
4,719 SF
Asset Type
Mixed-use
Closing
Mar 10, 2025
About this deal
AI
The asset involved in the transaction is a mixed-use property located at 19505 Biscayne Boulevard in Aventura. This mixed-use lifestyle development encompasses retail, restaurants, fitness, and services, with a total of 4,719 square feet available for leasing. The rent is set at $1 per square foot, contributing to a dynamic leasing environment in the area.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: 1
- Address: 19505 Biscayne Boulevard
- Market: Aventura
- Tenant: Starbucks, Wairua Beauty, Lola and The Boys
- Landlord: Seritage Growth Properties
- Tenant's Representatives: Aracibo Quintana (Ripco), Angel Sanchez (Curated Firm)
- Landlord's Representatives: Michael Sullivan (Vertical Real Estate), Lyle Stern (Vertical Real Estate), Noah Fox (Vertical Real Estate), Riley Scharf
- Brokers: Riley Scharf (Vertical Real Estate)
- Square Feet: 4,719.0
This leasing transaction enhances Esplanade at Aventura, which features 215,000 square feet of mixed-use space, solidifying its status as a notable destination. The deal includes an impressive blend of tenants that join existing brands within this development, which further amplifies its appeal in the South Florida area.
On the Map
Mixed-use
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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
15863000.00%
Cash-on-Cash
-4533694.08%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93