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17071 West Dixie Highway

Mimi Yoga Leases Mixed-Use Space From Alan Macken At 17071 West Dixie Highway
LEASEDMixed-use

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

Barrett Wolf

Wolf Commercial Real Estate

Broker

$50.3M

vol

13 deals

Broker
MC
Macken CompaniesLandlord

North Miami Beach 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

264383.33%

Cash-on-Cash

-75561.57%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93