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112 Northeast 41st Street

Missoni Leases Retail Space At 112 Northeast 41st Street For 10 Years At $415/SF
LEASEDRetail

Missoni Leases Retail Space At 112 Northeast 41st Street For 10 Years At $415/SF

112 Northeast 41st Street

$415

$415/SF

Building Size

1,529 SF

Asset Type

Retail

Closing

Mar 21, 2025

AI

The property involved in this transaction is a retail asset located at 112 Northeast 41st Street in the Design District. The lease features a total square footage of 1,529 and an asking rent of $415 per square foot. The lease is categorized as a NNN Lease with a term of 10 years.

Summary of transaction details:

The individuals involved in the deal include Tony Arellano and Joe Fernandez representing the landlord, while Lyle Chariff serves as the representative for the tenant, Missoni. Their collaboration facilitated the successful lease of the property.

Players

Tony Arellano
Verified Badge

Tony Arellano

DWNTWN Realty Advisors

Broker

$1.6B

vol

153 deals

Broker

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

38224.10%

Cash-on-Cash

-10924.56%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93