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:
- Property Type: Retail
- Transaction Amount: Not Disclosed
- Lease Size: 1,265 SF
- Address: 2219 Biscayne Boulevard
- Market: Miami
- Tenant: Asian-Mart
- Brokers: Alejandro Agudelo, Lyle Chariff & Mauricio Zapata - Chariff Realty Group
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
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