Doug Levine Leases Mixed-Use Property At 7225 Northwest 7th Avenue To Sol Squash For $25/ft
7225 Northwest 7th Avenue
$25
$25/SF
Building Size
10,000 SF
Asset Type
Mixed-use
Closing
Nov 1, 2024
AI
The property involved in this lease transaction is located at 7225 Northwest 7th Avenue in the Little River market of Miami. It is classified as a mixed-use asset. The lease covers an area of 10,000 square feet with an asking rent of $25 per square foot. The lease term is five years, with two additional five-year options available. This lease follows a NNN (Triple Net) structure.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $25/ft
- Square Footage: 10,000
- Address: 7225 Northwest 7th Avenue
- Market: Little River, Miami
- Lease Term: 5 years with 2 five year options
- Lease Type: NNN Lease
- Landlord: Doug Levine
- Tenant: Sol Squash
- Landlord & Tenant's Rep: Morgan Blittner - Brown Harris Stevens
Key individuals in this transaction include Doug Levine, who is the landlord, and Sol Squash, the tenant. Morgan Blittner of Brown Harris Stevens represents both the landlord and the tenant in this lease agreement.
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
634520.00%
Cash-on-Cash
-181347.76%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93