Updated Oct 29, 2024
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
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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