facebook
TradedTraded
    Home
    Search
    Closings
    Listings
    On Market
    Off Market
    Add a listing
    Vaults
    shh
    Rankings
    News
    Data
    Socials
    More


Messages

Go Pro
+ Submit+ Submit a Deal
Home

/

Deals

/

Florida

/

Retail

/

Lease

/

2311 North Miami Avenue, Mi...

Updated Oct 28, 2024

Paradox Museum Leases 10,048 SF Retail Space In Wynwood, Miami
LEASEDRetail

Paradox Museum Leases 10,048 SF Retail Space In Wynwood, Miami

2311 North Miami Avenue, Miami, FL 33127, USA

Building Size

10,048 SF

Asset Type

Retail

Closing

Jun 28, 2020

About this deal

AI

The Paradox Museum has leased 10,048 square feet of retail space located at 2311 North Miami Avenue in Wynwood, Miami. The long-term lease was facilitated by Tony Arellano, P.A. from DWNTWN Realty Advisors, who represented the landlord, Wynwood 2305. The asking rent for the space was $50 per square foot.

Summary of Transaction Details

  • Property Type: Retail
  • Address: 2311 North Miami Avenue, Wynwood, Miami
  • Tenant: Paradox Museum
  • Landlord: Wynwood 2305
  • Broker: Tony Arellano, P.A. - DWNTWN Realty Advisors
  • Asking Rent: $50 per square foot
  • Square Footage: 10,048

The Paradox Museum, a leading experiential entertainment concept, will be prominently located on one of the busiest corridors in the Wynwood submarket. The museum offers the largest and most sophisticated collection of illusions in the world, along with other entertaining artistic and educational exhibits. This lease was part of DWNTWN Realty Advisor's fully leasing all spaces at 2311 North Miami Avenue.

Players

Tony Arellano
Verified Badge

Tony Arellano

DWNTWN Realty Advisors

Broker

$1.6B

vol

156 deals

Broker

Miami Retail Market Snapshot

Boundary boundary · Retail · Lease transactions

Loading comparables…

Deal FAQ

Visit Tony Arellano to view all their deals.

Browse Florida retail leases on Traded.

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

More Deals

Nearby Markets