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Kurk Miami LLC Leases Little River Retail Property In Miami

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LEASED
$50

Florida

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Retail11,845 SF
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Property Image
LEASED

Kurk Miami LLC Leases Little River Retail Property In Miami

261 NE 73rd St, Miami, FL 33138, USA

See Similar Deals
Retail11,845 SF

Summary

FLORIDA
Asset Type:Retail
Price Per Square Foot:$50
Total Square Footage:11,845 SF
Transaction Type:Lease

A lease has been executed for a renovated hospitality building located at 261 NE 73rd Street in the Little River neighborhood of Miami. The property, previously branded as Lemon City Studios, has been leased by Kurk Miami LLC - Kü[email protected] Dükkani, a Turkish hospitality operator. The lease encompasses a total of 11,845 square feet, with 4,606 interior square feet and 7,239 exterior square feet. The property is ideally situated just north of the Wynwood, Design District, and Magic City Innovation District.

Summary of transaction details

  • Property Type: Retail
  • Transaction Amount: Lease
  • Address: 261 NE 73rd St, Little River, Miami
  • Market: Little River, Miami
  • Landlord: Kimberly Ann Diamant
  • Tenant: Kurk Miami LLC - Kü[email protected] Dükkani
  • Landlord's Rep: Juan Andres Nava & Bernardita Banfi - Metro1
  • Tenant's Rep: Erman Adanir - Disruptive Real Estate
  • Asking Rent: $50/ft
  • SF: 11,845

Erman Adanir, Director at Disruptive Real Estate, represented Kurk Miami LLC - Kü[email protected] Dükkani in the lease transaction. Metro1's Managing Director, Juan Andres Nava, and broker associate, Bernardita Banfi, represented the landlord, Kimberly Ann Diamant. This lease agreement marks a significant milestone for the Little River neighborhood and sets the stage for the unique dining and nightlife experience that Kü[email protected] Dükkani will bring to the area.

Details

LEASED
IMAGE: Bernardita Banfi, Erman Adanir & Juan Andres Nava DATE: 10/20/2022 ADDRESS: 261 NE 73rd St MARKET: Little River, Miami ASSET TYPE: Retail LANDLORD: Kimberly Ann Diamant TENANT: Kurk Miami LLC - Kürkçü Dükkanı (@KurkcuDukkanilokanta) LANDLORD'S REP: Juan Andres Nava (@JuanAndresNavaCRE) & Bernardita Banfi (@DitaBanfi) - Metro1 (@Metro1cre) TENANT'S REP: Erman Adanir (@ErmanAdanir) - Disruptive Real Estate (@DisruptiveRealEstate) ASKING RENT: $50/ft. ~ SF: 11,845 NOTE FROM @DisruptiveRealEstate: Disruptive Real Estate’s Director Erman Adanir executed a lease for a renovated hospitality building located at 261 NE 73 Street in the Little River neighborhood, just north of the Wynwood, Design District and the Magic City Innovation District. Previously branded as @LemonCityStudios, the property is a perfect location for a Turkish hospitality operator called Kurku Dukkani that will bring a one of a kind experience with steaks, drinks, and nightlife. The restaurant & lounge will encompass a total of 11,845 Square Feet which breaks down to 4,606 interior SF and 7,239 exterior SF. Erman Adanir represented Kurku Dukkani and Metro 1’s Managing Director Juan Andres Nava alongside broker associate Bernardita Banfi represented the landlord. Thank you to all involved in this deal. This one will transform Little River forever. Excited for what’s to come!

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Total Lease Value

$6,789,482.52

Net Landlord Cash Flow$678,948.25