DWNTWN Realty Advisors Completes 7-Year Retail Lease Deal In Design District
LEASED
$450
Florida
See Similar DealsRetail1,068 SF
Leased 08/23/2023
LEASED
DWNTWN Realty Advisors Completes 7-Year Retail Lease Deal In Design District
112 NE 41st St Miami, FL 33137, USA
See Similar DealsRetail1,068 SF
Leased 08/23/2023
Summary
FLORIDA
Asset Type:Retail
Price Per Square Foot:$450
Total Square Footage:1,068 SF
Transaction Type:Lease
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.
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Deal Type
NNN (Triple Net)
Effective Rent (Annual)
$550,954.04
Total Lease Value
$5,509,540.40
Net Landlord Cash Flow$550,954.04
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