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1100 Biscayne Boulevard, Mi...

Nimu Leases Retail Space At 1100 Biscayne Blvd In Miami With Tenant Rep Ryan Brodsky - Colliers International
LEASEDRetail

Nimu Leases Retail Space At 1100 Biscayne Blvd In Miami With Tenant Rep Ryan Brodsky - Colliers International

1100 Biscayne Boulevard, Miami, FL, USA

Building Size

14,440 SF

Asset Type

Retail

Closing

Apr 27, 2021

AI

1100 Biscayne Boulevard in Miami has been leased to Nimu. The property is a retail space with approximately 14,440 square feet of area. The lease transaction was facilitated by Ryan Brodsky from Colliers International, representing Nimu, and Lee Koniver from Koniver Stern Group, representing CGI Merchant Group, the landlord. The lease was signed on April 28, 2021. The asking rent for the space was $75 per square foot.

Summary of transaction details

  • Property Type: Retail
  • Transaction Amount: Lease
  • Date: 04/28/2021
  • Address: 1100 Biscayne Boulevard, Miami
  • Tenant: Nimu
  • Landlord: CGI Merchant Group

Ryan Brodsky from Colliers International represented Nimu in the lease deal, while Lee Koniver from Koniver Stern Group represented CGI Merchant Group, the landlord.

Players

Ryan Brodsky

Colliers

Broker

$9.5M

vol

4 deals

Broker
Koniver Stern Group
Koniver Stern GroupBrokerage

Miami 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

5.80%

Cash-on-Cash

-1.66%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93