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
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