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:
- Property Type: Retail
- Transaction Amount: Not specified
- Square Footage: 1,705 SF
- Address: 3050 Biscayne Boulevard Suite 603
- Market: Miami
- Tenant: At Home Hospitality
- Brokers: Alejandro Agudelo, Jenna Cohen, Lyle Chariff and Mauricio Zapata – Chariff Realty Group
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
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