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10613 Northwest 12th Street

Vida Medical Center Leases Retail Space From Rodrig Corp In Doral For 10 Years
LEASEDRetail

Vida Medical Center Leases Retail Space From Rodrig Corp In Doral For 10 Years

10613 Northwest 12th Street

$45

$45/SF

Building Size

10,800 SF

Asset Type

Retail

Closing

Sep 3, 2024

AI

The property asset involved in this transaction is a retail space located at 10613 Northwest 12th Street in Doral. The asset has a total square footage of 10,800 and was leased under a 10-year NNN lease. The asking rent for this property was set at $45 per square foot.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: $45/ft
  • Lease Term: 10 Years
  • Asset Address: 10613 Northwest 12th Street
  • Market: Doral
  • Landlord: Rafael B. Rodriguez - Rodrig Corp
  • Tenant: Vida Medical Center
  • Landlord's Representative: Caio Martin - Current Capital Realty
  • Tenant's Representative: Carlos Gozalez - Ekos Real Estate

Caio Martin from Current Capital Realty represented the landlord, Rafael B. Rodriguez, while Carlos Gozalez from Ekos Real Estate represented Vida Medical Center, which is rapidly expanding from Sweetwater, FL. This representation played a crucial role in facilitating the lease agreement between the two parties.

Players

Caio Martin

Current Capital Realty

Broker

$39.7M

vol

10 deals

Broker

Doral Retail Market Snapshot

Boundary boundary · Retail · Lease transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

352511.11%

Cash-on-Cash

-100748.76%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93