Compass Secures Lease For Retail Space In Wynwood, Miami
285 Northeast 27th Street
$100
$100/SF
Building Size
4,400 SF
Asset Type
Retail
Closing
Jan 1, 2024
AI
The lease of a retail property at 295 NW 27 Street in Miami, FL has been successfully closed. The property spans 4,400 square feet and was leased under a 10-year NNN lease agreement. The asking rent for the property was $100 per square foot.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: N/A
- Lease Term: 10 Years
- Asking Rent: $100/ft
- Square Footage: 4,400
- Address: 295 NW 27 Street, Miami, FL
The landlord's representatives for this lease deal were Juan Andres Nava and Bernardita Banfi from Metro 1 Commercial. The tenant's representatives were Juan Sotolongo and Jesse Spencer from Compass.
Metro 1 Commercial and Compass are excited to announce the successful closure of the lease at 285 NW 27 St in Miami's Wynwood neighborhood. The location is situated in one of the hottest neighborhoods in the country, known for its vibrant culinary scene. This lease deal brings in a soon-to-be-announced Michelin Starred Chef with an exciting culinary concept.
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
158630.00%
Cash-on-Cash
-45336.94%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93