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
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