Marlon Mejia Leases Retail Space In Wynwood At 2445 N Miami Ave
2445 North Miami Avenue, Wynwood, Miami, FL, USA
Building Size
8,407 SF
Asset Type
Retail
Closing
Jun 22, 2020
AI
A lease transaction has taken place in Wynwood's retail market. The property, located at 2445 N Miami Ave, has been leased to Marlon Mejia. The lease was facilitated by brokers Hector Antunez, Bernardita Banfi, and Juan Andres Nava from Metro1CRE. The lease was signed on 06/22/2021.
Summary of transation details
- Property Type: Retail
- Address: 2445 N Miami Ave
- Tenant: Marlon Mejia
- Leasing Brokers: Hector Antunez, Bernardita Banfi, and Juan Andres Nava from Metro1CRE
The lease agreement was made between Marlon Mejia as the tenant and the landlord, Dan Arev, Richard Serure, and Joe Serure. The asking rent for the space was $85 per square foot, with a total square footage of 8,407.
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