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3050 Biscayne Boulevard

At Home Hospitality Leases 1,705 Square Foot Retail Space At 3050 Biscayne Boulevard Miami
LEASEDRetail

At Home Hospitality Leases 1,705 Square Foot Retail Space At 3050 Biscayne Boulevard Miami

3050 Biscayne Boulevard

Building Size

1,705 SF

Asset Type

Retail

Closing

Oct 15, 2024

AI

At Home Hospitality has leased a 1,705-square-foot retail space located at 3050 Biscayne Boulevard, Suite 603, in Miami's Edgewater neighborhood. The retail space is situated in a prominent market known for its mix of residential and commercial developments.

Summary of transaction details:

The lease transaction was facilitated by the brokerage team from Chariff Realty Group, comprising Alejandro Agudelo, Jenna Cohen, Lyle Chariff, and Mauricio Zapata. Their expertise contributed to securing the retail space for At Home Hospitality in a competitive market.

Players

Mauricio Zapata

Chariff Realty Group

Broker

$61.5M

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

5.80%

Cash-on-Cash

-1.66%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93