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Palo Quemao Downtown Leases Retail Space At 20 West Flagler Street In Miami For 10 Years

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LEASED
$58

Florida

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Retail4,775 SF
Leased 08/07/2024
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Property Image
LEASED

Palo Quemao Downtown Leases Retail Space At 20 West Flagler Street In Miami For 10 Years

20 West Flagler Street

See Similar Deals
Retail4,775 SF
Leased 08/07/2024
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Summary

FLORIDA
Asset Type:Retail
Price Per Square Foot:$58
Total Square Footage:4,775 SF
Transaction Type:Lease

The property asset involved in this transaction is a retail space located at 20 West Flagler Street in the Miami market. The lease is structured under a NNN lease type with a lease term of 10 years. The asking rent for this retail space is set at $40 per square foot, with a total area of 4,775 square feet.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: $40/ft
  • Lease Term: 10 years
  • Lease Type: NNN Lease
  • Landlord: Jake Waserstein - LeaseFlorida 16 Flag
  • Tenant: Palo Quemao Downtown
  • Landlord's Representative: Jake Waserstein - Realty Hub
  • Tenant's Representative: Cesar Jimenez - SellBuyRestaurants.com

The transaction involves key individuals such as Jake Waserstein, who acts as both the landlord and the landlord's representative from Realty Hub, and tenant representative Cesar Jimenez from SellBuyRestaurants.com. This collaboration highlights the professional relationships fostering the lease agreement between Palo Quemao Downtown and the landlord.

Players

Jake Waserstein
7 deals$14.4M volume
BROKER

Cesar Jimenez
SellBuyRestaurants.com
2 deals$500K volume(786) 210-6905
BROKER

Details

LEASED
IMAGE: Jake Waserstein & Cesar Jimenez DATE: 08/06/2024 ADDRESS: 20 West Flagler Street MARKET: Miami ASSET TYPE: Retail LANDLORD: Jake Waserstein - LeaseFlorida 16 Flag TENANT: Palo Quemao Downtown LANDLORD'S REP: Jake Waserstein (@Jake.Waserstein) - Realty Hub TENANT'S REP: Cesar Jimenez (@sellbuyrestaurants)- SellBuyRestaurants.com ASKING RENT: $40/ft ~ SF: 4,775 LEASE TERM: 10 years LEASE TYPE: NNN Lease

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Deal Type
Effective Rent (Annual)

$317,492.14

Total Lease Value

$3,174,921.38

Net Landlord Cash Flow$317,492.14