ASR Physical Therapy Leases Retail Space In Miami's Paseo Brickell
1106 S Miami Ave Miami, FL 33130, USA
$60
$60/SF
Building Size
3,354 SF
Asset Type
Retail
Closing
Jun 27, 2023
About this deal
AI
The mezzanine level space at 1106 South Miami Avenue in Miami has been leased to ASR Physical Therapy. The lease transaction was facilitated by Fabio Faerman and Sebastian Faerman of FA Commercial. The property, located in the heart of downtown Brickell, is now fully occupied with the addition of ASR Physical Therapy.
Summary of Transaction Details:
- Property Type: Retail
- Address: 1106 South Miami Avenue
- Market: Miami
- Tenant: ASR Physical Therapy
- Brokers: Fabio Faerman & Sebastian Faerman - FA Commercial
- Asking Rent: $60/ft
- Square Footage: 3,354 SF
ASR Physical Therapy, a well-known provider of rehabilitation services, has chosen the mezzanine level space at Paseo Brickell as their new location. This prime spot offers convenient access and a direct entrance from South Miami Ave, making it an ideal setting for their operations.
The addition of ASR Physical Therapy to the tenant roster further enhances the offerings at Paseo Brickell, joining other notable co-tenants such as Coop, Akashi, Freddo, Sexy Fish HQ, Pura Vida, Granier Bakery, Bondi Sushi, Pilos Tacos, Rex Gryphon, Empire Social, SnapCrack, Latin Cafe, HQ Dental, Tremble, and Champ.
FA Commercial, led by Fabio Faerman, specializes in investment sales, landlord representation, and tenant representation. With over $1 billion in assets sold and leased across South Florida since 2002, the team at FA Commercial provides clients with strategic real estate solutions.
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
264383.33%
Cash-on-Cash
-75561.57%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93