Lighthouse Immersive Leases Retail Space At 420 Lincoln Road In Miami Beach
420 Lincoln Road, Miami Beach, Florida 33139, United States
Building Size
23,000 SF
Asset Type
Retail
Closing
Feb 28, 2022
About this deal
AI
PLC Investments has leased a retail property located at 420 Lincoln Road in Miami Beach. The property, with a total area of 23,000 square feet, was leased to Lighthouse Immersive for their Van Gogh Exhibit. The lease transaction was completed on March 1, 2022, with an asking rent of $250 per square foot.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: Not mentioned
- Address: 420 Lincoln Road
- Market: Miami Beach
The landlord, PLC Investments, represented by Paul Cejas, executed the lease agreement with Lighthouse Immersive. Brandon Charnas of Current Real Estate represented the landlord in the deal. Meanwhile, Zach Winkler, Charles Gerace, and Steven Robinson from JLL acted as the tenant's representatives in the transaction.
On the Map
Retail
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Miami Beach 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