Aida Signs 10-Year Lease For Retail Space In Wynwood With Landlords Related East End Capital & KKR
250 NW 25th St Miami, FL 33127, USA
$68
$68/SF
Building Size
2,418 SF
Asset Type
Retail
Closing
Jul 7, 2023
AI
The retail property located at 250 Northwest 25th Street in Wynwood has been leased for a term of 10 years. The total square footage of the property is 2,418, and the asking rent was $68 per square foot.
Summary of transaction details
- Property Type: Retail
- Asking Rent: $68/ft
- Square Footage: 2,418
- Lease Term: 10 years
- Address: 250 Northwest 25th Street, Wynwood
The landlords in this transaction were Related East End Capital and KKR. They were represented by Joe Fernandez and Tony Arellano from DWNTWN Realty Advisors. The tenant, Aida, was represented by Ricardo Du Pond from Fortune International Realty.
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
233279.41%
Cash-on-Cash
-66671.97%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93