Urban Eel Leases Retail Space In Brickell, Miami At 1100 South Miami Avenue From Ledoc
1100 South Miami Avenue, Downtown Miami, Miami, FL, USA
Building Size
8,783 SF
Asset Type
Retail
Closing
Mar 18, 2021
AI
The retail property located at 1100 South Miami Avenue in Brickell, Miami has been leased by Urban Eel. The landlord in this transaction is Ledoc. The lease was facilitated by brokers Fabio Faerman and Sebastian Faerman from FA Commercial, along with Zach Winkler from JLL. The lease was signed on March 19, 2021.
Summary of transation details
- Property Type: Retail
- Transaction Amount: Not specified
- Address: 1100 South Miami Avenue, Brickell, Miami
- Market: Brickell, Miami
This leasing deal involved the tenant, Urban Eel, securing the retail space at 1100 South Miami Avenue. Ledoc, the landlord, facilitated the lease agreement. Fabio Faerman and Sebastian Faerman from FA Commercial, along with Zach Winkler from JLL, represented the respective parties in this transaction.
Players
Miami Retail Market Snapshot
Boundary boundary · Retail · Lease transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93