Mimi Yoga Leases Mixed-Use Space From Alan Macken At 17071 West Dixie Highway
17071 West Dixie Highway
$60
$60/SF
Building Size
5,450 SF
Asset Type
Mixed-use
Closing
Apr 1, 2025
AI
The property asset involved in this transaction is a mixed-use building located at 17071 West Dixie Highway in North Miami Beach. The landlord for the property is Alan Macken from Macken Companies, while the tenant is Mimi Yoga. The lease type is classified as a NNN lease, with an asking rent of $60 per square foot for a total of 2,650 square feet.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $60/ft
- Address: 17071 West Dixie Highway
- Market: North Miami Beach
- Landlord: Alan Macken - Macken Companies
- Tenant: Mimi Yoga
- Landlord's Representative: Barrett Wolf - Wolf Commercial Real Estate
- Tenant's Representative: Luchy Hermosa - Coldwell Banker
- Lease Type: NNN Lease
- Square Footage: 2,650
This transaction features key individuals including Alan Macken representing the landlord, and Luchy Hermosa representing the tenant. The landlord's representative, Barrett Wolf, is affiliated with Wolf Commercial Real Estate, while the tenant's representative, Luchy Hermosa, operates through Coldwell Banker, providing a strong representation for the respective parties involved in this lease agreement.
Players
North Miami Beach 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
264383.33%
Cash-on-Cash
-75561.57%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93