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Red Phone Booth Leases Retail Space At 1010 Brickell Avenue, Suite 400/500 In Brickell - Miami

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LEASED

Florida

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Retail5,000 SF
Leased 10/15/2021
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LEASED

Red Phone Booth Leases Retail Space At 1010 Brickell Avenue, Suite 400/500 In Brickell - Miami

1010 Brickell Avenue, Miami, FL 33131, USA

See Similar Deals
Retail5,000 SF
Leased 10/15/2021
Contact now

Summary

FLORIDA
Asset Type:Retail
Total Square Footage:5,000 SF
Transaction Type:Lease

Red Phone Booth has agreed to lease a retail space at 1010 Brickell Avenue, Suite 400/500 in the Brickell - Miami market. The retail space, measuring approximately 5,000 square feet, is owned by Mattoni Group. The lease transaction was facilitated by Jonathan Rosen of Colliers, representing Red Phone Booth, and Rafael Romero and Katie Fernandez Espinosa of JLL, representing Mattoni Group. The lease was signed on October 15, 2021, with an asking rent of $65 per square foot.

Summary of transaction details

  • Property Type: Retail
  • Transaction Date: October 15, 2021
  • Address: 1010 Brickell Avenue, Suite 400/500
  • Market: Brickell - Miami
  • Tenant: Red Phone Booth
  • Landlord: Mattoni Group
  • Tenant's Representative: Jonathan Rosen - Colliers
  • Landlord's Representatives: Rafael Romero & Katie Fernandez Espinosa - JLL
  • Asking Rent: $65 per square foot
  • Square Footage: 5,000

The deal involved Red Phone Booth, a tenant looking for a retail space in the Brickell - Miami market. The tenant was represented by Jonathan Rosen of Colliers, while the landlord, Mattoni Group, was represented by Rafael Romero and Katie Fernandez Espinosa of JLL. The lease agreement was successfully negotiated, with the asking rent set at $65 per square foot for the 5,000 square foot space.

Players

Jonathan Rosen
3 deals$2.6M volume
BROKER

Rafael Romero
JLL
3 deals
BROKER

Details

LEASED
IMAGE: Rafael Romero, Jonathan Rosen & Katie Fernandez Espinosa DATE: 10/15/2021 ADDRESS: 1010 Brickell Avenue, Suite 400/500 MARKET: Brickell - Miami ASSET TYPE: Retail TENANT: Red Phone Booth LANDLORD: Mattoni Group TENANT'S REP: Jonathan Rosen (@JonBrosen) - Colliers LANDLORD'S REP: Rafael Romero (@Rafael_CCIM) & Katie Fernandez Espinosa (@Mrs.KFE) - JLL ASKING RENT: $65/ft. ~ SF: 5,000

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Deal Type
Effective Rent (Annual)

$286,596.98

Total Lease Value

$2,865,969.83

Net Landlord Cash Flow$286,596.98