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254 Northwest 36th Street

Landlord BZG International Leases Retail Space In Miami For $50/ft With Tenant Team Dom 50
LEASEDRetail

Landlord BZG International Leases Retail Space In Miami For $50/ft With Tenant Team Dom 50

254 Northwest 36th Street, 260 Northwest 36th Street, 270 Northwest 36th Street & 272 Nw 36 St

$50

$50/SF

Building Size

37,524 SF

Asset Type

Retail

Closing

Feb 1, 2025

AI

The asset involved in the transaction is a retail property located at 254, 260, 270 & 272 Northwest 36th Street in Miami. The total square footage of the property is 9,381, with an asking rent of $50 per square foot. The lease type is a Modified Gross Lease.

Summary of transaction details:

The transaction brings together representatives from two distinct agencies. Uccio Zecchini and Alejandro Ruiz represent the landlord, BZG International, while Katerina Morosan represents the tenant through Team Dom 50, highlighting the collaborative efforts in the leasing process.

Players

Uccio Zecchini

BZG International

Broker

$27.1M

vol

12 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

317260.00%

Cash-on-Cash

-90673.88%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93