Updated Oct 28, 2026
Joao Avila Leases Industrial Space To Wilfredo Núñez For $18 Per Square Foot In Miami
7045 Northwest 46th Street
$18
$18/SF
Building Size
16,000 SF
Asset Type
Industrial
Closing
Oct 26, 2026
About this deal
AI
The industrial property located at 7045 Northwest 46th Street in Miami features a total square footage of 16,000. The asking rent for this asset is set at $18 per square foot. This lease is categorized as a Modified Gross Lease.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $18/ft
- Square Footage: 16,000
- Address: 7045 Northwest 46th Street
- Market: Miami
- Landlord: Joao Avila
- Tenant: Wilfredo Núñez
- Landlord's Representative: Steve Medwin & Nick Wigoda - Stream Realty Partners
- Tenant's Representative: Frank Trelles & Brandon Martinez Jr. - Vivo Real Estate Group
The lease agreement was facilitated by representatives from two real estate firms, with Steve Medwin and Nick Wigoda representing the landlord, Joao Avila, and Frank Trelles and Brandon Martinez Jr. representing the tenant, Wilfredo Núñez. This collaborative effort by professional representatives reflects the transaction's structured execution within the Miami real estate market.
On the Map
$18
$18/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
881277.78%
Cash-on-Cash
-251871.89%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93