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
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