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18650 Biscayne Boulevard

Eli Sasson Bril Represents Alex Gruenberg In Aventura Retail Lease Deal
LEASEDRetail

Eli Sasson Bril Represents Alex Gruenberg In Aventura Retail Lease Deal

18650 Biscayne Boulevard

$95

$95/SF

Building Size

2,800 SF

Asset Type

Retail

Closing

Mar 15, 2024

AI

The retail property located at 18650 Biscayne Boulevard in Aventura was leased for an asking rent of $95 per square foot, totaling 2,800 square feet. The landlord, Mario Kaller, secured the deal with tenant Alex Gruenberg for his business, DRILL Dental Bar, accessible at DrillDentalBar.com. The landlord was represented by Barrett Wolf from Wolf Co Real Estate, while the tenant was advised by Eli Sasson Bril of AXIOM Capital Advisors.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: Not specified
  • Market: Aventura
  • Landlord: Mario Kaller
  • Tenant: Alex Gruenberg - DRILL Dental Bar (DrillDentalBar.com)
  • Landlord's Rep: Barrett Wolf - Wolf Co Real Estate
  • Tenant's Rep: Eli Sasson Bril - AXIOM Capital Advisors
  • Asking Rent: $95/ft.
  • Square Footage: 2,800
  • Address: 18650 Biscayne Boulevard

Barrett Wolf from Wolf Co Real Estate and Eli Sasson Bril of AXIOM Capital Advisors played pivotal roles in facilitating the lease agreement between Mario Kaller and Alex Gruenberg for the retail property in Aventura. This transaction underscores the collaborative efforts of the landlord's representative and the tenant's advisor in finalizing the deal for DRILL Dental Bar's new location.

Players

Barrett Wolf

Wolf Commercial Real Estate

Broker

$50.3M

vol

13 deals

Broker

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

166978.95%

Cash-on-Cash

-47723.10%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93