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7225 Northwest 7th Avenue

Doug Levine Leases Mixed-Use Property At 7225 Northwest 7th Avenue To Sol Squash For $25/ft
LEASEDMixed-use

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.

Players

Morgan Blittner

Brown Harris Stevens

Broker

$66.3M

vol

9 deals

Broker

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