John Stonestreet Of Rockhill Executes Retail Leases At Strata Wynwood In Miami Totaling 6,253 SF
21 Northeast 22nd Street
Building Size
6,253 SF
Asset Type
Retail
Closing
Apr 20, 2026
AI
The property involved in this transaction is a retail asset located at 21 Northeast 22nd Street in Miami, encompassing a total of 6,253 square feet. It is part of a mixed-use development known as Strata Wynwood, which includes a retail component totaling 27,000 square feet within a larger 285,000-square-foot development.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: Not specified
- Address: 21 Northeast 22nd Street
- Market: Miami
- Landlord: John Stonestreet - Rockhill
- Tenants: Paris Baguette, Miami MKT Bodega & Café, Eclipse Hot Yoga
- Broker: John Ellis - Newmark
- Lease Execution Date: 04/20/2026
- Paris Baguette Opening: June 2026
- Other Tenants' Opening: Q1 2027
John Ellis from Newmark represented Rockhill in executing three retail leases. The tenants included Paris Baguette, Miami MKT Bodega & Café, and Eclipse Hot Yoga, contributing to the leasing of the specified square footage in the development.
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
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93