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19 Southwest 6th Street

ONE Personal Training Leases Retail Space At 19 Southwest 6th Street Miami From Richard Toledo
LEASEDRetail

ONE Personal Training Leases Retail Space At 19 Southwest 6th Street Miami From Richard Toledo

19 Southwest 6th Street

$49

$49/SF

Building Size

6,683 SF

Asset Type

Retail

Closing

Sep 1, 2024

AI

The property asset involved in this transaction is a retail space located at 19 Southwest 6th Street in Miami. The asking rent is set at $49 per square foot for a total area of 6,683 square feet. The lease term agreed upon is for 5 years and the lease type is a Modified Gross Lease.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: $49/ft
  • Lease Term: 5 years
  • Lease Type: Modified Gross Lease
  • Landlord: Richard Toledo - ISANIC Trading
  • Tenant: ONE Personal Training
  • Broker: Calum Winsor - Current Capital Realty

ONE Personal Training, an international fitness and training brand, expands into the Brickell neighbourhood in Miami, marking its first location in the USA. The landlord, Richard Toledo, expresses enthusiasm for the tenant's entry into the local health and fitness market.

Players

Calum Winsor

Current Capital Realty

Broker

$16.7M

vol

7 deals

Broker

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

323734.69%

Cash-on-Cash

-92524.37%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93