Updated Dec 21, 2024
Lazzoni Leases 4200 SF Retail Space At 3050 Biscayne Boulevard In Miami
3050 Biscayne Boulevard, STE 102
Building Size
4,200 SF
Asset Type
Retail
Closing
Dec 19, 2024
About this deal
AI
A retail space totaling 4,200 square feet has been leased at 3050 Biscayne Boulevard, Miami. The property serves as a location for the furniture brand Lazzoni.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: Not specified
- Address: 3050 Biscayne Boulevard STE 102
- Market: Miami
- Tenant: Efe Kababulut - Lazzoni
- Brokers: Alejandro Agudelo, Jenna Cohen, Lyle Chariff & Mauricio Zapata - Chariff Realty Group
The deal was facilitated by Chariff Realty Group, with brokers Jenna Cohen, Lyle Chariff, Mauricio Zapata, and Alejandro Agudelo representing the transaction.
On the Map
Retail
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Players
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93