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901 S Miami Ave, Miami, FL,...

The Hampton Social Leases 8621 Square Feet At 901 S Miami Ave In Miami With Tenant's Rep Keith Rogers
LEASEDRetail

The Hampton Social Leases 8621 Square Feet At 901 S Miami Ave In Miami With Tenant's Rep Keith Rogers

901 S Miami Ave, Miami, FL, 33130

Building Size

8,621 SF

Asset Type

Retail

Closing

Nov 20, 2023

AI

The property involved in this transaction is located at 901 S Miami Ave, Miami, FL, 33130, in the Miami market. The lease covers an area of 8,621 square feet and is part of Mary Brickell Village, an open-air urban dining and shopping destination.

Summary of transaction details:

  • Property Type: Lease
  • Transaction Amount: Not disclosed
  • Tenant: The Hampton Social
  • Landlord: Unknown
  • Tenant's Representative: Keith Rogers - RD Advisors
  • Landlord's Representative: John Ellis - Newmark Retail

This deal signifies The Hampton Social's expansion, being their ninth location, following other openings in cities such as Orlando, Naples, and Nashville. The restaurant, which is designed by Parker Hospitality and architect Mark Knauer, aims to enhance the dining options at Mary Brickell Village, complementing the existing high-end retailers and eateries in the area.

Players

Keith Rogers

RD Advisors

Broker

1 deal

Broker

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