Le Chick Rotisserie Leases 4000 SF Commercial Space In Miami
310 NW 24th St, Miami, FL, 33127
Building Size
4,000 SF
Asset Type
Commercial
Closing
Dec 1, 2017
AI
The commercial property located at 310 NW 24th St, Miami, FL, 33127, is the site of the lease transaction. The asset spans 4,000 square feet and is part of a Block Capital Group development in the vibrant market of Miami.
Summary of transaction details:
- Property Type: Commercial
- Transaction Amount: Not specified
- Tenant: Le Chick Rotisserie
- Tenant's Representative: Leslie S. Cooper(One Commercial), Sophie Bamps(Sotheby's International Realty)
- Landlord: Block Capital Group
- Square Feet: 4000
Le Chick Rotisserie, an Amsterdam restaurant concept led by Zuma owners Yona and Tunu Puri, will be occupying the 4,000-square-foot space at 310 NW 24th St. The lease deal, facilitated by BM2 representing the landlord and Leslie Cooper and Sophie Bamps of One Sotheby’s International Realty representing Le Chick, marks an exciting addition to the Block Capital Group development in Wynwood. The addition of Le Chick Rotisserie and Dunkunoo Jamaican Kitchen expands the tenant roster, joining other establishments like Crazy Poke and Gelatte Miami in the vicinity.
Players
Miami Commercial Market Snapshot
Boundary boundary · Commercial · Lease transactions
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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