Eyal Albert Leases Retail Space To Amir Ben Zion For Bardot In Miami At $65/ft
223 Southeast 1st Street
Building Size
4,464 SF
Asset Type
Retail
Closing
Mar 22, 2026
About this deal
AI
The property asset involved in this transaction is a retail space located at 223 Southeast 1st Street in Miami. The asking rent for this asset is $65 per square foot, with a total square footage of 4,464. The lease agreement is structured as a NNN Lease with a term duration of 10 years and a 5-year option.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $65/ft
- Lease Term: 10 + 5 year option
- Lease Type: NNN Lease
- Landlord: Eyal Albert
- Tenant: Amir Ben Zion "Bardot"
- Tenant's Representative: Shai Ben Ami - Urban Core
Shai Ben Ami, representing the tenant Amir Ben Zion, is facilitating the return of Bardot, a notable establishment in Wynwood, which originally opened its doors in 2010. This move indicates a revival of a classic Miami bar in the retail market.
On the Map
Retail
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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
244046.15%
Cash-on-Cash
-69749.14%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93