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119 Washington Ave, Miami B...

YANTRA 119 LLC Leases 3,301 SF & 1,841 SF Office Spaces In Miami Beach
LEASEDOffice

YANTRA 119 LLC Leases 3,301 SF & 1,841 SF Office Spaces In Miami Beach

119 Washington Ave, Miami Beach, FL, USA

Building Size

88,148 SF

Asset Type

Office

Closing

Feb 25, 2021

AI

An office space located at 119 Washington Ave Suite 402 & 602 in Miami Beach has been leased. The lease transaction took place on February 26, 2021. The property, with a total square footage of 3,301 SF and 1,841 SF, was leased for an asking rent of $99 per square foot for Suite 402 and $97 per square foot for Suite 602.

Summary of transaction details:

The lease was facilitated by Brandon Charnas and Stefano Santoro, who represented the tenant or landlord in the deal.

Players

Brandon Charnas

Current Real Estate Advisors

Broker

$1.6M

vol

22 deals

Broker
YL
YANTRA 119 LLCLandlord

Miami Beach Office Market Snapshot

Boundary boundary · Office · 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