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
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