Updated Dec 4, 2024
One Padel Indoor Club Leases Industrial Space In Miami For $22/ft
290 Northeast 183rd Street
$22
$22/SF
Building Size
22,275 SF
Asset Type
Industrial
Closing
Jun 4, 2024
About this deal
AI
The industrial property located at 290 Northeast 183rd Street in Miami has been leased in a transaction involving Tiger Shark Realty as the landlord and One Padel Indoor Club as the tenant. The property spans 22,275 square feet, with an asking rent of $22 per square foot.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: Not Applicable
- Landlord: Tiger Shark Realty
- Tenant: One Padel Indoor Club
- Landlord's Rep: Elad Barokas - AXIOM Capital Advisors
- Tenant's Rep: Calum Winsor - Current Capital Realty
- Address: 290 Northeast 183rd Street
- Market: Miami
- Asking Rent: $22/ft.
- Square Footage: 22,275
Elad Barokas from AXIOM Capital Advisors represented the landlord, Tiger Shark Realty, while Calum Winsor from Current Capital Realty served as the tenant's representative in this lease transaction.
On the Map
$22
$22/SF
Industrial
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Players
Miami Industrial Market Snapshot
Boundary boundary · Industrial · Lease transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
721045.45%
Cash-on-Cash
-206077.00%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93