Chubby Cattle Leases Retail Space At 555 Washington Avenue In Miami Beach For $70/ft
555 Washington Avenue
Building Size
10,000 SF
Asset Type
Retail
Closing
Dec 19, 2024
About this deal
AI
The asset involved in the transaction is a retail property located at 555 Washington Avenue in Miami Beach. The lease type is Single Net Lease, with an asking rent of $70 per square foot for a total space of 10,000 square feet.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: Not specified
- Landlord: Eyal Greenberg & Josh Honig - Greenmont Group; Davis Companies
- Tenant: Chubby Cattle
- Landlord's Representative: Aaron Butler & Luca Singh Bhalla - Avenue Real Estate Partners
- Tenant's Representative: David Goldberg & Allan Perales - Goldstreet Partners
Davis Companies, involved in the deal, is a vertically integrated real estate investment, development and management firm headquartered in Boston. They have a diversified portfolio valued at $13 billion, including approximately 14.8 million square feet of properties across various sectors such as healthcare, industrial, retail, and hospitality.
On the Map
Retail
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Players
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
226614.29%
Cash-on-Cash
-64767.06%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93