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:
- Property Type: Office
- Transaction Date: 02/26/2021
- Address: 119 Washington Ave Suite 402 & 602
- Market: Miami Beach
- Landlord: YANTRA 119 LLC
- Brokers: Brandon Charnas & Stefano Santoro - Current Real Estate Advisors
- Asking Rent: $99/ft. (3,301 SF) & $97/ft. (1,841 SF)
The lease was facilitated by Brandon Charnas and Stefano Santoro, who represented the tenant or landlord in the deal.
Players
Miami Beach Office Market Snapshot
Boundary boundary · Office · 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