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1784 West Avenue

Asana Partners Leases 4,700 SF Retail Space To A Pasta Bar In Miami Beach
LEASEDRetail

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:

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

Michael Sullivan

Vertical Real Estate

Broker

$16M

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

15863000.00%

Cash-on-Cash

-4533694.08%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93