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Ytech's Yamal Yidios Leases 6,400 SF Retail Space On Brickell Avenue To Major Food Group

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LEASED
MC
Yamal Yidios

Florida

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Retail6,400 SF
Leased 12/01/2023
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Property Image
LEASED

Ytech's Yamal Yidios Leases 6,400 SF Retail Space On Brickell Avenue To Major Food Group

1500 Brickell Avenue

See Similar Deals
Retail6,400 SF
Leased 12/01/2023
MC
Yamal Yidios
the dealplayerscompscontact
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Summary

FLORIDA
Asset Type:Retail
Price Per Square Foot:$0
Total Square Footage:6,400 SF
Transaction Type:Lease

Ytech, owned by Yamal Yidios, has entered into a lease agreement for a retail space located at 1500 Brickell Avenue in Miami. The property spans 6,400 square feet and is situated in the Brickell neighborhood, a prominent market in Miami.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: Not provided
  • Address: 1500 Brickell Avenue
  • Market: Miami
  • Square Footage: 6,400

The landlord of the property is Ytech, represented by Yamal Yidios. On the other hand, the tenant is Major Food Group, consisting of Mario Carbone, Jeff Zalaznick, and Rich Torrisi. Major Food Group will be opening a Mexican restaurant and private club called Chateau ZZ's at the historic Château Petit Douy in Brickell.

It is important to note that the lease agreement is for a 20-year term with two five-year extensions, previously negotiated with the property's previous owner.

Details

LEASED
IMAGE: Yamal Yidios, Jeff Zalaznick, Mario Carbone & Rich Torrisi DATE: 12/01/2023 ADDRESS: 1500 Brickell Avenue MARKET: Miami ASSET TYPE: Retail ~ SF: 6,400 LANDLORD: Ytech (@WeareYtech) - Yamal Yidios TENANT: Major Food Group - Mario Carbone (@MarioCarbone), Jeff Zalaznick & Rich Torrisi (@RichTorrisi) LEASE TERM: 20-year lease with two five-year extensions with the previous property owner in Brickell NOTE: Major Food Group is opening Chateau ZZ’s, a Mexican restaurant and private club, at the historic Château Petit Douy in Miami's Brickell neighborhood later this month. The 6,400-square-foot space, acquired by developer Yamal Yidios’ Ytech last year, will feature a Mexican restaurant on the first floor and a private club for ZZ’s members on the second floor.

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Deal Type
Effective Rent (Annual)

$366,844.14

Total Lease Value

$3,668,441.38

Net Landlord Cash Flow$366,844.14