Andres Farid Patino Leases Retail Space At 2801 Florida Avenue, Miami
2801 Florida Avenue
$76
$76/SF
Building Size
4,300 SF
Asset Type
Retail
Closing
Mar 4, 2024
AI
The property involved in the transaction is a retail space located at 2801 Florida Avenue in Miami. The space spans 4,300 square feet and the lease was agreed upon at an asking rent of $76 per square foot. The landlord, Daniel Levine, leased the property to the tenant, Andres Farid Patino.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: Not specified
- Market: Miami
- Landlord: Daniel Levine
- Tenant: Andres Farid Patino
- Brokers: Sam Azar & Mika Mattingly - Colliers International
The South Florida Urban Core Team of Colliers facilitated the lease agreement between Daniel Levine and Andres Farid Patino for the new location of Ossobuco in Coconut Grove. Ossobuco is currently situated in Wynwood and has recently gained recognition from the Michelin guide. It was founded by the Aldaz brothers from Rosario, Argentina, and is managed by hospitality consultant Andres Farid Patino.
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
208723.68%
Cash-on-Cash
-59653.87%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93