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112 Northeast 41st Street, ...

DWNTWN Realty Advisors Leases Luxury Retail Space At Design 41 In Miami's Design District
LEASEDRetail

DWNTWN Realty Advisors Leases Luxury Retail Space At Design 41 In Miami's Design District

112 Northeast 41st Street, Miami Design District, Miami, FL, USA

Building Size

1,832 SF

Asset Type

Retail

Closing

Apr 5, 2021

AI

DWNTWN Realty Advisors has leased out 1,832 SF of luxury retail space at Design 41, located at 112 NE 41st Street in the Design District of Miami. Design 41 is a 7-story boutique building known for its upscale office and retail offerings, featuring architecture by globally renowned Enrique Norten of TEN Arquitectos. It is one of the only Class A office buildings in the Design District.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: N/A
  • Address: 112 NE 41st Street, Miami
  • Market: Design District
  • Landlord: Design 41
  • Brokers: Tony Arellano, P.A. & Joe Fernandez - DWNTWN Realty Advisors
  • Asking Rent: $210/ft.
  • Square Footage: 1,832 SF

The deal was facilitated by Tony Arellano, P.A. and Joe Fernandez of DWNTWN Realty Advisors, who represented the tenant in securing the lease agreement for the luxury retail space at Design 41.

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

5.80%

Cash-on-Cash

-1.66%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93