Salvaje Holdings Leases Mixed-Use Space At 25 SE 10th St In Miami For $55/ft
25 Southeast 10th Street, Miami, Florida 33131, United States
Building Size
50,000 SF
Asset Type
Mixed-use
Closing
Apr 30, 2022
AI
The mixed-use property located at 25 SE 10th St in Miami has recently been leased. The lease transaction took place on 05/01/2022 and involved Salvaje Holdings as the tenant. The property offers 50,000 square feet of space. Fratos Rosenberg acted as the landlord in this deal.
Summary of transation details
- Property Type: Mixed-use
- Transaction Amount: Not specified
- Address: 25 SE 10th St
- Market: Miami
- Tenant: Salvaje Holdings
- Landlord: Fratos Rosenberg
Ivan Abuchaibe and Jose Izquierdo from The Grand Lion Real Estate Group represented both parties as brokers in this lease agreement. The asking rent for the property was $55 per square foot.
Players
Miami Mixed-use Market Snapshot
Boundary boundary · Mixed-use · 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