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
About this deal
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.
On the Map
Retail
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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