Ralph Navarro Of Florida Yachts International Leases Office Space At 2424 Southwest 22nd Street
2424 Southwest 22nd Street
$80,068
$80,068/SF
Building Size
2,164 SF
Asset Type
Office
Closing
May 27, 2026
About this deal
AI
This property asset is an office located at 2424 Southwest 22nd Street in Miami. The asking rent for the space is $80,068, and it encompasses 2,164 square feet. This lease is structured as a NNN lease with a term of 5 years.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $80,068/ft
- Square Footage: 2,164
- Address: 2424 Southwest 22nd Street
- Market: Miami
- Landlord: Marilyn Colon
- Tenant: Ralph Navarro - Florida Yachts International "FYI"
- Tenant's Representative: Glenn Rivera - The Agency RE, LLC
- Lease Term: 5 Years
- Lease Type: NNN Lease
Ralph Navarro, the CEO and Founder of Florida Yachts International, has successfully finalized the lease for their new global headquarters. Glenn Rivera, representing Florida Yachts International, played a pivotal role in the transaction, ensuring the needs of the organization were met throughout the process.
Players
Miami Office Market Snapshot
Boundary boundary · Office · Lease transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
198.12%
Cash-on-Cash
-56.62%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93