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3711 NE 2nd Ave, Miami, FL,...

Wharton Equity Partners Leases 11882 Square Feet To Eichholtz At 3711 NE 2nd Ave Miami
LEASEDRetail

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

Joe Fernandez

DWNTWN Realty Advisors

Broker

$56M

vol

15 deals

Broker
WP
Wharton Equity PartnersLandlord

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