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
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