High Class Insurance Inc Leases 1000 Square Feet Retail Space In North Miami
12005 Northeast 7th Avenue
Building Size
1,000 SF
Asset Type
Retail
Closing
Dec 18, 2024
AI
The asset involved in this transaction is a retail property located at 12005 Northeast 7th Avenue in North Miami, encompassing a total area of 1,000 square feet. The property is situated within the North Miami market, which is known for its diverse commercial offerings.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: Not specified
- Address: 12005 Northeast 7th Avenue
- Market: North Miami
- Tenant: High Class Insurance Inc
The deal involved brokers Lyle Chariff, Mauricio Zapata, and Alejandro Agudelo from Chariff Realty Group, who represented High Class Insurance Inc. in the lease of the property.
Players
Biscayne Park 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