Andres Patino Signs Lease For Retail Space At 200 Southeast 1st Street In Miami
200 SE 1st St Miami, FL 33131, USA
$58
$58/SF
Building Size
2,600 SF
Asset Type
Retail
Closing
Jun 21, 2023
About this deal
AI
The retail property located at 200 Southeast 1st Street in Miami has been leased. The tenant, Andres Patino, will be occupying a space of 2,600 square feet. The lease term is set for 10 years, and the asking rent is $58 per square foot.
Summary of transaction details:
- Property Type: Retail
- Address: 200 Southeast 1st Street, Miami
- Tenant: Andres Patino
- Lease Term: 10 years
- Asking Rent: $58 per square foot
Mika Mattingly and Sam Azar from Colliers International represented the tenant, Andres Patino, in the lease agreement.
On the Map
$58
$58/SF
Retail
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Players
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
273500.00%
Cash-on-Cash
-78167.14%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93