Bayerische Versorgungskammer Leases 4500 Square Feet At 1111 Lincoln Rd Miami Beach
1111 Lincoln Rd, Miami Beach, FL, 33...
Building Size
4,500 SF
Asset Type
Retail
Closing
Dec 1, 2022
AI
The property involved in this lease transaction is located at 1111 Lincoln Rd, Miami Beach, FL. The asset comprises 4,500 square feet and is situated in the Miami Beach market. The landlord, Bayerische Versorgungskammer, is leasing the property.
Summary of transaction details:
- Property Type: Lease
- Transaction Amount: Not disclosed
- Address: 1111 Lincoln Rd, Miami Beach, FL
- Market: Miami Beach
- Landlord's Representative: Jonathan Carter
- Landlord: Bayerische Versorgungskammer
This transaction includes Jonathan Carter from Colliers International, representing the landlord, Bayerische Versorgungskammer, in this lease agreement. The specific tenant details were not disclosed in the context provided.
Players
Miami Beach 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