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999 Brickell Avenue

Jholano's Deli Leases Space At 999 Brickell Avenue In Miami With Current Capital Realty
LEASEDMultiFamily

Jholano's Deli Leases Space At 999 Brickell Avenue In Miami With Current Capital Realty

999 Brickell Avenue

$60

Building Size

Asset Type

MultiFamily

Closing

Jan 14, 2025

AI

The asset involved in this lease transaction is located at 999 Brickell Avenue in Miami and is classified as a MultiFamily property. The asking rent for this property is $60 per square foot, with a total area of 1,000 square feet. The lease type for this transaction is a Modified Gross Lease.

Summary of transaction details:

  • Property Type: MultiFamily
  • Transaction Amount: $60/ft
  • Square Footage: 1000
  • Address: 999 Brickell Avenue
  • Market: Miami
  • Landlord: 999 Brickell - Richard Toledo
  • Tenant: Jholano's Deli
  • Landlord's Representative: Calum Winsor - Current Capital Realty
  • Tenant's Representative: Ivan Abuchaibe - The Grand Lion Real Estate Group

Key individuals involved in the transaction include Richard Toledo, representing the landlord, and Ivan Abuchaibe, who represents the tenant, Jholano's Deli. The landlord's interests are being managed by Calum Winsor from Current Capital Realty, while the tenant is represented by Ivan Abuchaibe from The Grand Lion Real Estate Group.

Players

Ivan Abuchaibe

Broker

$3.2M

vol

6 deals

Broker
The Grand Lion Real Estate Group
The Grand Lion Real Estate GroupBrokerage

Miami MultiFamily Market Snapshot

Boundary boundary · MultiFamily · 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