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
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