Wharton Equity Partners Leases 11882 Square Feet To Eichholtz At 3711 NE 2nd Ave Miami
3711 NE 2nd Ave, Miami, FL, 33137
Building Size
11,882 SF
Asset Type
Retail
Closing
Feb 18, 2022
AI
The property involved in this lease transaction is located at 3711 NE 2nd Ave, Miami, FL, 33137. The asset features a total square footage of 11,882 and is situated in the Miami market. The landlord for this transaction is Wharton Equity Partners, with Joe Fernandez from DWNTWN Realty Advisors representing the landlord. The tenant involved in the deal is Eichholtz.
Summary of transaction details:
- Property Type: Lease
- Transaction Amount: Not specified
- Address: 3711 NE 2nd Ave, Miami, FL, 33137
- Market: Miami
- Landlord: Wharton Equity Partners
- Tenant: Eichholtz
- Landlord's Rep: Joe Fernandez - DWNTWN Realty Advisors
- Square Feet: 11,882
This lease transaction highlights the collaborative efforts between the entities involved, primarily featuring landlord Wharton Equity Partners and tenant Eichholtz. Joe Fernandez from DWNTWN Realty Advisors represented the landlord in this transaction, facilitating the deal with distinct focus on tenant acquisition.
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