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.
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