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2801 Florida Avenue

Andres Farid Patino Leases Retail Space At 2801 Florida Avenue, Miami
LEASEDRetail

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

Mika Mattingly

Colliers

Broker

$528.8M

vol

34 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

208723.68%

Cash-on-Cash

-59653.87%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93