Asana Partners Leases 4,700 SF Retail Space To A Pasta Bar In Miami Beach
1784 West Avenue
$1
Building Size
—
Asset Type
Retail
Closing
Jan 22, 2025
AI
The retail asset located at 1784 West Avenue in Miami Beach features a total square footage of 4,700 and operates under a NNN Lease. The asking rent for this property is $135 per square foot.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $135/ft
- Address: 1784 West Avenue
- Market: Miami Beach
- Landlord: Asana Partners
- Tenant: A Pasta Bar
- Brokers: Sam Singer, Michael Sullivan & Daniel Cardenas - Vertical Real Estate
The transaction involves Sam Singer, Michael Sullivan, and Daniel Cardenas who represented the parties, facilitating the lease agreement between the landlord and tenant. Each broker played a role in negotiating the terms of the deal and ensuring a successful transaction.
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
15863000.00%
Cash-on-Cash
-4533694.08%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93