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2424 Southwest 22nd Street

Updated Jun 1, 2026

Ralph Navarro Of Florida Yachts International Leases Office Space At 2424 Southwest 22nd Street
LEASEDOffice

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

Glenn Rivera

The Agency RE, LLC

Broker

$8.8M

vol

3 deals

Broker

Miami Office Market Snapshot

Boundary boundary · Office · Lease transactions

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Deal FAQ

About $80.1K per square foot on a published $80.1K for 2,164 square feet (2026).

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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

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