BSH Home Appliances Corporation Leases 8038 Square Feet At 112 NE 41st St Miami From Design District Partners Development
112 NE 41st St, Miami, FL, 33137
Building Size
8,038 SF
Asset Type
—
Closing
Jun 15, 2021
About this deal
AI
The property leased is located at 112 NE 41st St, Miami, FL, 33137. It encompasses a total of 8,038 square feet and is situated within the Miami market.
Summary of transaction details:
- Property Type: Lease
- Transaction Amount: Not specified
- Tenant: BSH Home Appliances Corporation
- Landlord: Design District Partners Development
- Tenant's Representative: Frank Begrowwicz-Cushman & Wakefield
This transaction involved the leasing of commercial space, with BSH Home Appliances Corporation as the tenant and Design District Partners Development as the landlord, represented by Frank Begrowwicz of Cushman & Wakefield.
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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