The asset involved in this transaction is a retail property located at 16 West Flagler Street in Downtown Miami. The asking rent for this property is $71 per square foot, with a total space of 1,250 square feet. This transaction reflects a commitment to a 10-year lease under the NNN Lease type.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $71/ft
• Square Footage: 1,250
• Address: 16 West Flagler Street
• Market: Downtown Miami
• Lease Term: 10 years
• Lease Type: NNN Lease
• Landlord: Jake Waserstein - LeaseFlorida 16 Flag
• Tenant: Ya Souvlaki
• Landlord's Representative: Jake Waserstein - Realty Hub
• Tenant's Representative: Azalea Cristobal - Real Estate Sales Force (RESF)

Jake Waserstein effectively represents the landlord, while Azalea Cristobal represents the tenant in this lease agreement. A note from the landlord's representative states that Azalea Cristobal and Jake Waserstein successfully structured this deal with a suitable tenant who recognizes the potential of the new courthouse plaza redevelopment alongside Flagler Street's enhancements.