SKINNEY Medspa Acquires Retail Condo Unit CU3 In Miami Beach For $1,572,500
1201 20th Street
$1,572,500
$1,280/SF
Building Size
1,228 SF
Asset Type
Retail
Closing
May 27, 2026
AI
The asset involved in this transaction is a retail condo located at 1201 20th Street Unit CU3 in the Miami Beach market. The sale price for the property was $1,572,500, with a square footage of 1,228 and a price per square foot of $1,280.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $1,572,500
- Square Footage: 1,228
- Price per Square Foot: $1,280
- Buyer: SKINNEY Medspa
- Seller: Brett Chetek
- Buyer's Representative: Dillon Maya - Avenue Real Estate Partners
- Seller's Representatives: Jonathan Rosen & Tyler delPena - JLL
- Opening Date: Fall 2026
SKINNEY Medspa has acquired the retail condo Unit CU3 at Palau at Sunset Harbour, marking its newest location in Miami Beach. The medspa operates flagship locations in Manhattan and has a presence in South Florida. The acquisition highlights the ongoing demand for retail space in one of Miami Beach's leading neighborhood corridors for wellness and lifestyle tenants.
Players
Miami Beach Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
10.09%
Cash-on-Cash
-2.88%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93