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125 Northeast 32nd Street

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

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

125 Northeast 32nd Street

$65

$65/SF

Building Size

2,616 SF

Asset Type

Retail

Closing

May 9, 2024

AI

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
Verified Badge

Tony Arellano

DWNTWN Realty Advisors

Broker

$1.6B

vol

152 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

244046.15%

Cash-on-Cash

-69749.14%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93