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
About this deal
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.
On the Map
$40
$40/SF
Retail
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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