Boustan Leases Retail Space At 2209 Southwest 37th Avenue Miami From Richard Toledo Of NISA Gables
2209 Southwest 37th Avenue
$75
$75/SF
Building Size
1,548 SF
Asset Type
Retail
Closing
Aug 1, 2024
AI
The retail asset involved in this transaction is located at 2209 Southwest 37th Avenue in the Miami market. The asking rent for the property is set at $75 per square foot, encompassing a total square footage of 1,548. The lease type negotiated for this asset is a NNN (Triple Net) Lease.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $75/ft
- Square Footage: 1,548
- Address: 2209 Southwest 37th Avenue
- Market: Miami
- Landlord: Richard Toledo - NISA Gables
- Tenant: Boustan
- Brokers: Fabio Faerman & Sebastian Faerman - FA Commercial
The involved parties in this lease transaction include landlord Richard Toledo, who represents NISA Gables, and tenant Boustan. The representation in this deal was managed by brokers Fabio Faerman and Sebastian Faerman from FA Commercial.
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
211506.67%
Cash-on-Cash
-60449.25%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93