Dan Gunam Leases Retail Space At 1921 Collins Avenue Miami Beach For 10 Years
1921 Collins Avenue
Building Size
5,000 SF
Asset Type
Retail
Closing
Jan 31, 2025
About this deal
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.
On the Map
Retail
View full map
Miami Beach Retail Market Snapshot
Boundary boundary · Retail · Lease transactions
Loading comparables…
Deal FAQ
Visit Daniel Fedida to view all their deals.
Browse Miami Beach retail leases on Traded.
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