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SPARBOXING Leases Retail Space In Miami Beach At 1624 Washington Ave From Landlord 420 Lincoln Road Associates, LTD - CurrentRealEstate Brokers

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LEASED

Florida

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Retail3,358 SF
Leased 02/09/2021
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LEASED

SPARBOXING Leases Retail Space In Miami Beach At 1624 Washington Ave From Landlord 420 Lincoln Road Associates, LTD - CurrentRealEstate Brokers

1624 Washington Avenue, Miami Beach, FL, USA

See Similar Deals
Retail3,358 SF
Leased 02/09/2021
Contact now

Summary

FLORIDA
Asset Type:Retail
Total Square Footage:3,358 SF
Transaction Type:Lease

A retail property located at 1624 Washington Ave in Miami Beach has been leased. The property is owned by 420 Lincoln Road Associates, LTD and the tenant is Sparboxing. The lease deal was facilitated by Adam Henick, Brandon Charnas, and Stefano Santoro from Current Real Estate. The asking rent for the property was $48 per square foot, with a total square footage of 3,358.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Date: 02/09/2021
  • Address: 1624 Washington Ave, Miami Beach
  • Tenant: Sparboxing
  • Landlord: 420 Lincoln Road Associates, LTD
  • Brokers: Adam Henick, Brandon Charnas, and Stefano Santoro from Current Real Estate
  • Asking Rent: $48 per square foot
  • Square Footage: 3,358

The lease transaction for the retail property at 1624 Washington Ave in Miami Beach was successfully negotiated by Adam Henick, Brandon Charnas, and Stefano Santoro from Current Real Estate. Sparboxing will be the tenant, while 420 Lincoln Road Associates, LTD will be the landlord. The asking rent for the property was $48 per square foot, with a total square footage of 3,358.

Players

Brandon Charnas
21 deals$1.6M volume(646) 845-0351
BROKER

Adam Henick
Current Real Estate Advisors
16 deals$1.6M volume(646) 845-0351
BROKER

Stefano Santoro
Disruptive Real Estate
28 deals$256.8M volume(732) 241-1940
BROKER

Details

LEASED
IMAGE: Adam Henick, Stefano Santoro & Brandon Charnas DATE: 02/09/2021 ADDRESS: 1624 Washington Ave MARKET: Miami Beach ASSET TYPE: Retail TENANT: @SPARBOXING LANDLORD: 420 Lincoln Road Associates, LTD BROKERS: Adam Henick, Brandon Charnas & Stefano Santoro - @CurrentRealEstate ASKING RENT: $48/ft. ~ SF: 3,358

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Deal Type
Effective Rent (Annual)

$192,478.53

Total Lease Value

$1,924,785.34

Net Landlord Cash Flow$192,478.53