Real Medical Beauty Clinic Inc Leases Office Space At 1355 Alton Road In Miami Beach With Luca Migliore - Gary Hennes Realtors As Tenant's Rep
1355 Alton Rd, Miami Beach, FL 33139
$78
$78/SF
Building Size
3,373 SF
Asset Type
Office
Closing
Aug 1, 2023
AI
Real Medical Beauty Clinic Inc has signed a lease agreement for an office space located at 1355 Alton Road in Miami Beach. The property, owned by 1355Alton - David Waxman, offers a total square footage of 3,373. The lease term is set for 10 years, with an effective rent of $78 per square foot.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: N/A
- Address: 1355 Alton Road, Miami Beach
- Market: Miami Beach
- Landlord: 1355Alton - David Waxman
- Tenant: Real Medical Beauty Clinic Inc
- Tenant's Representative: Luca Migliore - Gary Hennes Realtors
- Effective Rent: $78/ft
- SF: 3,373
- Lease Term: 10 years
Luca Migliore, the representative from Gary Hennes Realtors, assisted Real Medical Beauty Clinic Inc in securing the lease agreement. The deal showcases their expertise in the Miami Beach office market.
Players
Market 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
203371.79%
Cash-on-Cash
-58124.28%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93