Japan Sushi Leases Retail Space At 10990 Biscayne Blvd In North Miami
10990 Biscayne Blvd, Miami, FL, USA
Building Size
1,600 SF
Asset Type
Retail
Closing
Nov 2, 2020
About this deal
AI
Located at 10990 Biscayne Blvd in North Miami, this retail property has recently been leased. The tenant, Japan Sushi, will be occupying the space, which is part of La Fontana Shops. The deal was facilitated by Jonathan Molano from OTM-CRE (Retail Division), representing the landlord.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: N/A
- Address: 10990 Biscayne Blvd
- Market: North Miami
- Tenant: Japan Sushi
- Landlord: La Fontana Shops
- Broker: Jonathan Molano - OTM-CRE (Retail Division)
The size of the leased space is approximately 1,600 square feet, with a rental rate of approximately $51 per square foot.
It's worth noting that during these challenging times, the retail team is actively working with tenants looking to expand, as well as assisting landlords in restructuring their tenant-mix.
For more information on similar on and off-market commercial properties, you can reach out to Jonathan Molano at [email protected].
Players
Miami Retail Market Snapshot
Boundary boundary · Retail · Lease transactions
Loading comparables…
Deal FAQ
Browse Florida retail leases on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93