facebook
Traded Co logo
Submit
Daily limit: 0/10

Lucid Motors Opens Showroom And Service Center At Miami Worldcenter

Property Image
LEASED

Florida

See Similar Deals
Mixed-use22,788 SF
Leased 06/23/2023
the dealdetailscomps
Property Image
LEASED

Lucid Motors Opens Showroom And Service Center At Miami Worldcenter

951 Northeast First Avenue Miami, Florida 33132, USA

See Similar Deals
Mixed-use22,788 SF
Leased 06/23/2023

Summary

FLORIDA
Asset Type:Mixed-use
Price Per Square Foot:$0
Total Square Footage:22,788 SF
Transaction Type:Lease

Luxury electric vehicle company Lucid Motors has opened a 22,788-square-foot space at Miami Worldcenter, located at 951 Northeast First Avenue. The facility serves as a showroom, service center, and delivery center for their Lucid Air electric sedan. The mixed-use property in Miami offers a prime location for Lucid Motors to showcase their products and provide convenient services to their customers.

Summary of transaction details

  • Property Type: Mixed-use
  • Transaction Amount: Not specified
  • Square Footage: 22,788
  • Address: 951 Northeast First Avenue
  • Market: Miami

Miami Worldcenter Associates, including Art Falcone and Nitin Motwani, along with CIM Group represented by Shaul Kuba, are the landlords of the property where Lucid Motors has leased the space. This collaboration between the property owners and Lucid Motors enables the luxury electric vehicle company to establish a strong presence within the Miami Worldcenter development and cater to the growing market for electric vehicles in the area.

Details

LEASED
IMAGE: Shaul Kuba, Art Falcone & Nitin Motwani DATE: 06/23/2023 ADDRESS: 951 Northeast First Avenue MARKET: Miami ASSET TYPE: Mixed-use ~ SF: 22,788 LANDLORD: Miami Worldcenter Associates - Art Falcone & Nitin Motwani; CIM Group - Shaul Kuba TENANT: Lucid Motors NOTE: Luxury electric vehicle company Lucid Motors has opened a 22,788-square-foot space at Miami Worldcenter, joining the multi-billion-dollar mixed-use development. The facility serves as a showroom, service center, and delivery center for their Lucid Air electric sedan

Stay in the Know

Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.

By subscribing, you agree to our Terms of Service and Privacy Policy.

Similar Deals

Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
Effective Rent (Annual)

$1,306,194.41

Total Lease Value

$13,061,944.09

Net Landlord Cash Flow$1,306,194.41