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2219 Biscayne Boulevard

Asian-Mart Leases 1,265 SF Retail Space At 2219 Biscayne Boulevard In Miami
LEASEDRetail

Asian-Mart Leases 1,265 SF Retail Space At 2219 Biscayne Boulevard In Miami

2219 Biscayne Boulevard

Building Size

1,265 SF

Asset Type

Retail

Closing

Oct 31, 2024

AI

The asset involved in this transaction is a retail space located at 2219 Biscayne Boulevard in Miami, comprising 1,265 square feet. It is situated in a competitive market, contributing to its attractiveness for retail tenants.

Summary of transaction details:

This lease transaction was facilitated by Chariff Realty Group with brokers Alejandro Agudelo, Lyle Chariff, and Mauricio Zapata representing the tenant Asian-Mart in securing the retail space.

Players

Mauricio Zapata

Chariff Realty Group

Broker

$61.5M

vol

34 deals

Broker

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