RFR Realty To Bring The Bloom & Shade To 100 Biscayne In Downtown Miami
100 Biscayne Blvd Miami, FL 33132, USA
$40
$40/SF
Building Size
5,000 SF
Asset Type
Retail
Closing
Jun 14, 2023
About this deal
AI
The Macromia Group has signed a lease agreement with RFR Realty to bring The Bloom & Shade, an elevated "fast-casual" food hall concept, to downtown Miami's 100 Biscayne Boulevard. The venue will offer outdoor seating, catering, take-out orders, and transform into a bar and lounge at night. The retail space, spanning 5,000 square feet, will be located at the address 100 Biscayne Boulevard in Miami. The asking rent for the lease is $40 per square foot.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: Lease
- Address: 100 Biscayne Boulevard, Miami
- Market: Miami
- Landlord: The Macromia Group - J.D. Hilburn
- Tenant: RFR Realty - Rosen & Michael Fuchs
- Asking Rent: $40/ft.
- Square Footage: 5,000
RFR Realty, represented by Rosen & Michael Fuchs, has secured a lease agreement with The Macromia Group to introduce The Bloom & Shade in downtown Miami. This "fast-casual" food hall concept will not only provide dining options but also offer a versatile space that can cater to different needs throughout the day and evening.
Players
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
396575.00%
Cash-on-Cash
-113342.35%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93