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Lucky's Market Leases 23000 Square Feet At 12500 SW 88th St Miami With Sterling Organization

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LEASED

Florida

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Retail23,000 SF
Leased 10/17/2018
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Property Image
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 Deals
Retail23,000 SF
Leased 10/17/2018
Contact now

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:

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.

Players

Aaron Labovitz
9 deals$66.9M volume
BROKER

Adrian Jimenez
Sterling Organization
1 deal
BROKER

Sterling Organization
LANDLORD

Details

LEASED
IMAGE: 12500 SW 88th St, Miami, FL, 33186 MARKET: Miami TENANT'S REP: Aaron Labovitz(ABL Real Estate Partners) LANDLORD'S REP: Adrian Jimenez(Sterling Organization) TENANT: Lucky’s Market LANDLORD: Sterling Organization SQUARE FEET: 23000

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Deal Type
Effective Rent (Annual)

$1,318,346.12

Total Lease Value

$13,183,461.21

Net Landlord Cash Flow$1,318,346.12