Johan Pfeiffer Leases Retail Space For The Beatrice Nightclub At 1905 Collins Avenue Miami Beach
1905 Collins Avenue
Building Size
2,100 SF
Asset Type
Retail
Closing
Jan 1, 2025
About this deal
AI
The property asset involved in this transaction is a retail space located at 1905 Collins Avenue in the Miami Beach market. The asset has a square footage of 2,100 and is leased under a NNN lease type with an asking rent of $218 per square foot. The property was previously occupied by Myn-Tu, which was once known as Rokbar, and has been transformed into "The Beatrice," a nightclub inspired by Boiler Room.
Summary of transation details:
- Property Type: Retail
- Transaction Amount: Not specified
- Tenant: Johan Pfeiffer - The Beatrice
- Broker: Daniel Fedida
- Lease Term: 10 years
- Lease Type: NNN Lease
Johan Pfeiffer, a hospitality entrepreneur, designer, and DJ producer, has reimagined the space to create an electrifying atmosphere complemented by world-class DJs and an L-Acoustics sound system. Daniel Fedida facilitated the off-market business sale and structured the lease for The Beatrice, which aims to set a new standard for Miami nightlife with its intimate vibe, VIP crowd, and standout pizza.
On the Map
Retail
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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
72766.06%
Cash-on-Cash
-20796.76%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93