Johan Pfeiffer Leases Retail Space For The Beatrice Nightclub At 1905 Collins Avenue Miami Beach
1905 Collins Avenue
$218
$218/SF
Building Size
2,100 SF
Asset Type
Retail
Closing
Jan 1, 2025
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.
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
72766.06%
Cash-on-Cash
-20796.76%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93