Lucky's Market Leases 23000 Square Feet At 12500 SW 88th St Miami With Sterling Organization
LEASED
Florida
See Similar DealsRetail23,000 SF
Leased 10/17/2018
LEASED
Lucky's Market Leases 23000 Square Feet At 12500 SW 88th St Miami With Sterling Organization
12500 SW 88th St, Miami, FL, 33186
See Similar DealsRetail23,000 SF
Leased 10/17/2018
Summary
FLORIDA
Asset Type:Retail
Price Per Square Foot:$0
Total Square Footage:23,000 SF
Transaction Type:Lease
A 23,000-square-foot lease was executed for a grocery store retailer at the Shops of Kendall located at 12500 Southwest 88th Street in Miami, FL 33186. The market for this property is Miami.
Summary of transaction details:
- Property Type: Lease
- Transaction Amount: Not specified
- Address: 12500 SW 88th St, Miami, FL, 33186
- Tenant: Lucky’s Market
- Landlord: Sterling Organization
- Tenant's Representative: Aaron Labovitz (ABL Real Estate Partners)
- Landlord's Representative: Adrian Jimenez (Sterling Organization)
- Square Feet: 23,000
This transaction highlights the involvement of Lucky’s Market as the tenant, which is expected to open in spring 2019. The landlord, Sterling Organization, is represented by Adrian Jimenez, while Aaron Labovitz from ABL Real Estate Partners represents the tenant.
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Deal Type
NNN (Triple Net)
Effective Rent (Annual)
$1,318,346.12
Total Lease Value
$13,183,461.21
Net Landlord Cash Flow$1,318,346.12
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