Sumaida Khurana Leases Office Space At 950 5th Street Miami Beach For $190/ft
950 5th Street
$553,600
$553,600/SF
Building Size
3,140 SF
Asset Type
Office
Closing
Jun 19, 2026
About this deal
AI
An office lease has been secured at 950 5th Street, located in Miami Beach. The lease concerns a space measuring 3,460 square feet with an asking rent of $190 per square foot and is structured as a NNN lease. The lease term is set for over 10 years in a market recognized for premium Class A office spaces.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $190/ft
- Square Footage: 3,460
- Address: 950 5th Street
- Market: Miami Beach
- Landlord: Sumaida Khurana
- Landlord's Representative: Ryan Holtzman - Cushman & Wakefield
- Tenant's Representative: Pedro Mingo - NecDot by Unique International Properties Inc.
- Lease Term: 10+ Years
- Lease Type: NNN Lease
The transaction was facilitated by Ryan Holtzman representing the landlord and Pedro Mingo representing the tenant. Special acknowledgment goes to Germán Rocca for facilitating the introduction that led to the successful negotiation of this deal.
On the Map
$553,600
$553,600/SF
Office
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Players
Miami Beach 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
28.65%
Cash-on-Cash
-8.19%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93