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555 Washington Avenue

Chubby Cattle Leases Retail Space At 555 Washington Avenue In Miami Beach For $70/ft
LEASEDRetail

Chubby Cattle Leases Retail Space At 555 Washington Avenue In Miami Beach For $70/ft

555 Washington Avenue

$70

$70/SF

Building Size

10,000 SF

Asset Type

Retail

Closing

Dec 19, 2024

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:

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.

Players

Aaron Butler
Verified Badge

Aaron Butler

Avenue Real Estate Partners

Broker

$52.4M

vol

9 deals

Broker

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