facebook
TradedTraded
    Home
    Search
    Closings
    Listings
    On Market
    Off Market
    Add a listing
    Vaults
    shh
    Rankings
    News
    Data
    Socials
    More


Messages

Go Pro
+ Submit+ Submit a Deal
Home

/

Deals

/

Florida

/

Retail

/

Lease

/

11401 Northwest 12th Street

Robert Greenberg & Michael Greenberg Lease 26000 SF Retail Space To Skechers In Miami
LEASEDRetail

Robert Greenberg & Michael Greenberg Lease 26000 SF Retail Space To Skechers In Miami

11401 Northwest 12th Street

Building Size

26,000 SF

Asset Type

Retail

Closing

Sep 8, 2025

AI

The property asset involved in this transaction is a retail space located at 11401 Northwest 12th Street in Miami, comprising 26,000 square feet. The location is noted for being the site of Skechers' first U.S. performance store at Dolphin Mall, making it significant within the retail sector.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: Not Disclosed
  • Square Footage: 26,000 SF
  • Address: 11401 Northwest 12th Street
  • Market: Miami
  • Tenant: Robert Greenberg & Michael Greenberg - Skechers

This lease transaction highlights the involvement of Robert Greenberg and Michael Greenberg, representatives of Skechers. They have established a notable presence in Miami, as the new store showcases performance footwear, apparel, and accessories across multiple sports, featuring experiential zones similar to international performance store openings in Canada, Europe, and Chile.

Players

S
SkechersTenant

Miami Retail Market Snapshot

Boundary boundary · Retail · Lease transactions

Loading comparables…

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