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
About this deal
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.
On the Map
$55
$55/SF
Retail
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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