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
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