Katherine Doyle Leases Retail Space To Connely Dermatology At 215 Lincoln Road Miami Beach
215 Lincoln Road
$125
$125/SF
Building Size
2,500 SF
Asset Type
Retail
Closing
Jun 9, 2025
AI
The asset involved in this transaction is a retail space located at 215 Lincoln Road, Miami Beach. The total square footage of the property is 2,500, and the asking rent is set at $125 per square foot. The leasing arrangement is structured as a NNN lease.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $125/ft
- Square Footage: 2,500
- Address: 215 Lincoln Road
- Market: Miami Beach
- Landlord: Katherine Doyle
- Tenant: Connely Dermatology
- Landlord's Representative: Noah Fox - Vertical Real Estate
- Tenant's Representative: Jonathan Dubrow - Rothberg Dubrow
Key individuals in this deal include Katherine Doyle as the landlord and Connely Dermatology as the tenant. The representation for the landlord is handled by Noah Fox from Vertical Real Estate, while Jonathan Dubrow from Rothberg Dubrow represents the tenant in this lease transaction.
Players
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
126904.00%
Cash-on-Cash
-36269.55%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93