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5 Southwest South River Drive

Call Me Gaby Leases Development Site From Arturo Ortega At 5 Southwest South River Drive
LEASEDDevelopment Site

Call Me Gaby Leases Development Site From Arturo Ortega At 5 Southwest South River Drive

5 Southwest South River Drive

$1

$1/SF

Building Size

8,500 SF

Asset Type

Development Site

Closing

Mar 19, 2025

AI

The property involved in this transaction is a development site located at 5 Southwest South River Drive in Miami. The asset has a total square footage of 8,500 square feet and was leased at a rate of $1.00 per square foot.

Summary of transation details:

  • Property Type: Development Site
  • Transaction Amount: Not specified
  • Address: 5 Southwest South River Drive
  • Market: Miami
  • Tenant: Call Me Gaby
  • Landlord: Arturo Ortega
  • Tenant's Representative: Christian Arrabal (AdviseCRE)

This transaction features key individuals, notably tenant Call Me Gaby, who will occupy the development site under the lease agreement. Arturo Ortega serves as the landlord for this property, while Christian Arrabal from AdviseCRE represents the tenant in this transaction.

Players

Christian Arrabal

AdviseCRE

Broker

$87.1M

vol

9 deals

Broker

Miami Development Site Market Snapshot

Boundary boundary · Development Site · Lease transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

15863000.00%

Cash-on-Cash

-4533694.08%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93