Reto Health Leases Mixed-Use Space At 999 Brickell Avenue For 10 Years At $46/ft
999 Brickell Avenue
$46
$46/SF
Building Size
2,650 SF
Asset Type
Mixed-use
Closing
Jan 16, 2025
AI
A mixed-use asset located at 999 Brickell Avenue in Miami has been leased. The transaction involves an asking rent of $46 per square foot for a total area of 2,650 square feet. The lease term spans 10 years, structured as a NNN (triple net) lease.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $122,900
- Landlord: 999 Brickell Offices
- Tenant: Reto Health
- Tenant's Representative: Jaime Casado
- Broker: Ivan Abuchaibe
- Broker Agency: The Grand Lion Real Estate Group
- Date of Transaction: 01/16/2025
The parties involved in the lease transaction include Ivan Abuchaibe, representing the broker agency The Grand Lion Real Estate Group, and Jaime Casado, who represents the tenant Reto Health in this deal. The agreement was finalized on January 16, 2025.
Players
Miami Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Lease transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
344847.83%
Cash-on-Cash
-98558.57%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93