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Crema Gourmet Leases Retail Space In Miami From Sterling Equities For $65/ft

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LEASED
$65

Florida

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Retail2,616 SF
Leased 05/09/2024
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Property Image
LEASED

Crema Gourmet Leases Retail Space In Miami From Sterling Equities For $65/ft

125 Northeast 32nd Street

See Similar Deals
Retail2,616 SF
Leased 05/09/2024
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Summary

FLORIDA
Asset Type:Retail
Price Per Square Foot:$65
Total Square Footage:2,616 SF
Transaction Type:Lease

The retail property located at 125 Northeast 32nd Street in Miami was leased in a transaction involving Sterling Equities as the landlord and Crema Gourmet as the tenant. The leasing deal was facilitated by DWNTWN Realty Advisors represented by Joe Fernandez, Rayza Perez, and Tony Arellano. The property features a total area of 2,616 square feet with an asking rent of $65 per square foot.

Summary of transaction details:

The leasing transaction underscores the collaborative efforts of multiple parties, with Sterling Equities as the property owner and Crema Gourmet securing the lease. The involvement of DWNTWN Realty Advisors, through their representatives Joe Fernandez, Rayza Perez, and Tony Arellano, showcases the professional coordination that led to the successful leasing of this retail space in Miami.

Players

Tony Arellano
152 deals$1.6B volume
BROKER

Joe Fernandez
DWNTWN Realty Advisors
15 deals$56M volume
BROKER

Rayza Perez
DWNTWN Realty Advisors
6 deals$8.2M volume(786) 325-9928
BROKER

Details

LEASED
IMAGE: Rayza Perez & Joe Fernandez DATE: 05/09/2024 ADDRESS: 125 Northeast 32nd Street MARKET: Miami ASSET TYPE: Retail LANDLORD: Sterling Equities TENANT: Crema Gourmet LANDLORD'S REP: Joe Fernandez, Rayza Perez (@Rayza_realestate) & Tony Arellano (@TonyArellano2) - DWNTWN Realty Advisors (@DWNTWNRealtyAdvisors) ASKING RENT: $65/ft. ~ SF: 2,616

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Deal Type
Effective Rent (Annual)

$194,931.80

Total Lease Value

$1,949,318.04

Net Landlord Cash Flow$194,931.80