Bespoke Miami Leases Office Space At 119 Washington Avenue In Miami Beach
119 Washington Avenue, Miami Beach, FL, USA
Building Size
2,300 SF
Asset Type
Office
Closing
Jan 14, 2021
AI
A lease transaction was completed for an office property located at 119 Washington Avenue in Miami Beach. The tenant, Bespoke Miami, entered into the lease agreement with the landlord, YANTRA 119 LLC. The deal was facilitated by brokers Oded Nachmani, Stefano Santoro, and Cyril Bijaoui of Current Real Estate.
Summary of transaction details
- Property Type: Office
- Transaction Amount: N/A
- Address: 119 Washington Avenue, Miami Beach
- Market: Miami Beach
The office property spans approximately 2,300 square feet. The lease agreement was secured at an asking rent of $90 per square foot.
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