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3001 Ponce De Leon Boulevard

CVI.CHE 105 Leases Retail Space In Coral Gables At 3001 Ponce De Leon Boulevard
LEASEDRetail

CVI.CHE 105 Leases Retail Space In Coral Gables At 3001 Ponce De Leon Boulevard

3001 Ponce De Leon Boulevard

$55

$55/SF

Building Size

8,000 SF

Asset Type

Retail

Closing

Mar 29, 2023

AI

The retail property located at 3001 Ponce De Leon Boulevard in Coral Gables has been leased. The property, measuring 8,000 square feet, was leased by CVI.CHE 105. The landlord, Agave Group, was represented by Michael Sullivan and Michael Finkle from Vertical Real Estate, while Noah Fox, also from Vertical Real Estate, represented CVI.CHE 105. The asking rent for the property was $55 per square foot.

Summary of transaction details

  • Property Type: Retail
  • Transaction Amount: Lease
  • Address: 3001 Ponce De Leon Boulevard
  • Market: Coral Gables

The deal involved Agave Group as the landlord and CVI.CHE 105 as the tenant. The landlord was represented by Michael Sullivan and Michael Finkle of Vertical Real Estate, while Noah Fox, also from Vertical Real Estate, represented CVI.CHE 105. The lease agreement was made at an asking rent of $55 per square foot for the 8,000 square feet property.

Players

Noah Fox

Vertical Real Estate

Broker

$83.3M

vol

22 deals

Broker
C
CVI.CHETenant

Market 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

288418.18%

Cash-on-Cash

-82430.80%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93