DWNTWN Realty Advisors Completes 7-Year Retail Lease Deal In Design District
112 NE 41st St Miami, FL 33137, USA
Building Size
1,068 SF
Asset Type
Retail
Closing
Aug 23, 2023
About this deal
AI
A retail property located at 112 Northeast 41st Street in the Design District has recently been leased. The property spans a total of 1,068 square feet. The lease term agreed upon is for 7 years, and the asking rent is set at $450 per square foot.
Summary of transaction details
- Property Type: Retail
- Address: 112 Northeast 41st Street
- Market: Design District
- Asking Rent: $450/ft.
- Square Footage: 1,068
- Lease Term: 7 years
The lease deal was facilitated by DWNTWN Realty Advisors, with Tony Arellano and Joe Fernandez as the brokers representing the parties involved. They played a crucial role in negotiating and finalizing the terms of the lease agreement for the retail property in the Design District.
On the Map
Retail
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Players
Market 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
35251.11%
Cash-on-Cash
-10074.88%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93