Alexandra & Devin Grief Sign Leases For Montce Swimwear In Miami Beach And Miami
1800 Bay Road & 3015 Grand Avenue
Building Size
2,535 SF
Asset Type
Retail
Closing
Apr 10, 2025
About this deal
AI
The property involved in this transaction is located at 1800 Bay Road & 3015 Grand Avenue Suite 110, situated in the Miami Beach & Miami market. This retail asset encompasses a total square footage of 2,535 square feet. Montce Swimwear, represented by tenant Alexandra & Devin Grief, has expanded its presence in South Florida through this lease.
Summary of transation details:
- Property Type: Retail
- Transaction Amount: Not specified
- Address: 1800 Bay Road & 3015 Grand Avenue Suite 110
- Market: Miami Beach & Miami
- Asset Size: 2,535 SF
- Tenant: Alexandra & Devin Grief - Montce Swimwear
- Brokers: Jonathan Rosen - JLL; Max Gelband & Sam Noddle - The Comras Company
Jonathan Rosen of JLL acted as the representative for Montce Swimwear in the lease agreement. The deal at Sunset Harbour was facilitated by brokers Max Gelband and Sam Noddle from The Comras Company, highlighting a collaborative effort in expanding Montce Swimwear's retail footprint in the area. Note that Montce Swimwear signed two leases, including one for 1,175 square feet at CocoWalk and another for 1,360 square feet at Sunset Harbour.
On the Map
Retail
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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