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14690 Southwest 8th Street

Antonio Gonzalez Leases Retail Space To Cuba Max At 14690 Southwest 8th Street In Miami
LEASEDRetail

Antonio Gonzalez Leases Retail Space To Cuba Max At 14690 Southwest 8th Street In Miami

14690 Southwest 8th Street

$40

$40/SF

Building Size

6,138 SF

Asset Type

Retail

Closing

Oct 30, 2024

AI

The property asset involved in the transaction is a retail space located at 14690 Southwest 8th Street in the Miami market. The asking rent for this space is $40 per square foot, and it has a total area of 6,138 square feet. The lease type is categorized as a NNN Lease.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: $40/ft
  • Lease Type: NNN Lease
  • Landlord: Antonio Gonzalez
  • Tenant: Cuba Max
  • Landlord's Representative: Arnaldo Cantero III - BGRS Commercial Real Estate
  • Tenant's Representative: Orlando Alpizar - Compass Florida

The lease was signed on October 30, 2024, indicating a formal agreement between the landlord and tenant. Arnaldo Cantero III and Orlando Alpizar played key roles in representing their respective parties throughout the transaction process.

Players

Arnaldo Cantero III
Verified Badge

Arnaldo Cantero III

C-3 Commercial Real Estate Advisory

Broker

$26.4M

vol

9 deals

Broker
Compass
CompassBrokerage

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

396575.00%

Cash-on-Cash

-113342.35%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93