facebook

traded

+ Submit
Home

/

Deals

/

Florida

/

Retail

/

Lease

/

1921 Collins Avenue

Dan Gunam Leases Retail Space At 1921 Collins Avenue Miami Beach For 10 Years
LEASEDRetail

Dan Gunam Leases Retail Space At 1921 Collins Avenue Miami Beach For 10 Years

1921 Collins Avenue

$235

$235/SF

Building Size

5,000 SF

Asset Type

Retail

Closing

Jan 31, 2025

AI

The property asset involved in this transaction is a retail space located at 1921 Collins Avenue in Miami Beach. It spans 5,000 square feet and has an asking rent of $235 per square foot. The lease agreement for this property is set for a term of 10 years under a NNN lease structure.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: Not specified
  • Address: 1921 Collins Avenue
  • Market: Miami Beach
  • Tenant: Dan Gunam
  • Broker: Daniel Fedida
  • Lease Term: 10 years
  • Lease Type: NNN Lease

This transaction involved Dan Gunam, who is the founder of the Toronto-based Soluna Group, and broker Daniel Fedida. The deal successfully negotiated a 10-year lease for the iconic Mynt Nightclub, which will be maintained as a nightclub featuring global music influences.

Players

Daniel Fedida

Broker

$28.5M

vol

8 deals

Broker

Miami Beach Retail Market Snapshot

Boundary boundary · Retail · Lease transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

67502.13%

Cash-on-Cash

-19292.32%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93