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300 Biscayne Boulevard

Updated Oct 29, 2024

The Agency RE Represents Apa Aesthetic In 10-Year Lease At 300 Biscayne Boulevard, Miami
LEASEDPackage Deal

The Agency RE Represents Apa Aesthetic In 10-Year Lease At 300 Biscayne Boulevard, Miami

300 Biscayne Boulevard

$76

$76/SF

Building Size

3,943 SF

Asset Type

Package Deal

Closing

Apr 1, 2023

About this deal

AI

The retail property located at 300 Biscayne Boulevard in Miami has been leased for a period of 10 years. The tenant, Apa Aesthetic, will occupy a space of 4,360 square feet, with an asking rent of $76 per square foot. The lease transaction was facilitated by Mikhail Mudrik and Georgy Chukhleb of The Agency RE, acting as brokers representing both the landlord, MET 1, and the tenant.

Summary of transaction details

  • Property Type: Retail
  • Transaction Amount: N/A
  • Address: 300 Biscayne Boulevard
  • Market: Miami
  • Tenant: Apa Aesthetic
  • Landlord: MET 1
  • Brokers: Mikhail Mudrik & Georgy Chukhleb - The Agency RE
  • Asking Rent: $76/ft
  • SF: 4,360
  • Lease Term: 10 years

Mikhail Mudrik and Georgy Chukhleb of The Agency RE played a pivotal role as brokers in this lease transaction, ensuring smooth negotiations between Apa Aesthetic and MET 1. Their expertise and representation were instrumental in finalizing the lease agreement.

Players

Miami Package Deal Market Snapshot

Boundary boundary · Package Deal · Lease transactions

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Deal FAQ

About $76 per square foot on a published $76 for 3,943 square feet (2023).

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

208723.68%

Cash-on-Cash

-59653.87%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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