Light Tree Ventures Leases Miami Mixed-Use Property On North Miami Avenue For 4 Years
6240 North Miami Avenue
$41
$41/SF
Building Size
5,500 SF
Asset Type
Mixed-use
Closing
Feb 1, 2024
About this deal
AI
The mixed-use property located at 6240 North Miami Avenue in Miami has been leased. The landlord, MIS 6240 MC, represented by Emilia Howard from Gridline Properties, has entered into a lease agreement with Light Tree Ventures. The tenant, represented by Lyndsey Kaplan from AIM Wealth Realty, will occupy the space for a lease term of 4 years.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: Not specified
- Asking Rent: $41/ft. ~ SF: 5,500
- Address: 6240 North Miami Avenue
- Market: Miami
Emilia Howard from Gridline Properties acted as the landlord's representative, while Lyndsey Kaplan from AIM Wealth Realty represented Light Tree Ventures as their tenant's representative.
On the Map
$41
$41/SF
Mixed-use
View full map
Players
Miami Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Lease transactions
Loading comparables…
Deal FAQ
Visit Emilia Howard to view all their deals.
Browse Florida mixed use leases on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
386902.44%
Cash-on-Cash
-110577.90%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93