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:
- Property Type: Retail
- Transaction Amount: $415/ft
- Lease Term: 10 Years
- Lease Type: NNN Lease
- Tenant: Missoni
- Landlord's Representative: Tony Arellano & Joe Fernandez - DWNTWN Realty Advisors
- Tenant's Representative: Lyle Chariff - Chariff Realty Group
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
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