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Central Rock Gym Leases 10,175 SF Retail Space In The Gateway At Wynwood Office Building In Miami

Property Image
LEASED
$65
Daniel DePasquale
Alex Cesar
+ 2

Florida

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Retail10,175 SF
Leased 06/28/2023
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Property Image
LEASED

Central Rock Gym Leases 10,175 SF Retail Space In The Gateway At Wynwood Office Building In Miami

2916 N Miami Ave Miami, FL 33127, USA

See Similar Deals
Retail10,175 SF
Leased 06/28/2023
Daniel DePasquale
Alex Cesar
+ 2
Contact now

Summary

FLORIDA
Asset Type:Retail
Price Per Square Foot:$65
Total Square Footage:10,175 SF
Transaction Type:Lease

Central Rock Gym has leased a 10,175-square-foot space in The Gateway at Wynwood office building in Miami. The gym is set to open in early 2024, and this lease agreement marks its first location in South Florida, filling the retail component of the building.

Summary of transation details

  • Property Type: Retail
  • Transaction Amount: $65/ft.
  • Square Footage: 10,175 SF
  • Address: 2916 North Miami Avenue, Miami
  • Market: Miami

Katz & Associates and CBRE represented Central Rock Gym and the landlord R&B Realty Group, respectively, in brokering the lease agreement for the space at The Gateway at Wynwood office building.

Players

Alex Cesar
3 deals$6.2M volume
BROKER

Daniel DePasquale
Katz & Associates Real Estate Advisors
9 deals
BROKER

David Eggnatz
Katz & Associates Real Estate Advisors
2 deals$2.2M volume
BROKER



TENANT

Details

LEASED
IMAGE: David Eggnatz, Daniel DePasquale, Shelby Rosenberg, Alex Cesar & Drew Schaul DATE: 06/28/2023 ADDRESS: 2916 North Miami Avenue MARKET: Miami ASSET TYPE: Retail LANDLORD: R&B Realty Group (@RBRealtyGroup) - Shelby Rosenberg TENANT: Central Rock Gym (@CentralRockGym) LANDLORD'S REP: Alex Cesar & Drew Schaul - CBRE (@CBRE) TENANT'S REP: Daniel DePasquale & David Eggnatz - Katz & Associates (@KatzRetail) ASKING RENT: $65/ft. ~ SF: 10,175 LEASE TERMS: 10-year NOTE: Central Rock Gym has leased a 10,175-square-foot space in The Gateway at Wynwood office building in Miami, marking its first location in South Florida. The gym is set to open in early 2024, and its arrival fills the retail component of the building. The lease agreement was brokered by Katz & Associates and CBRE, representing Central Rock Gym and the landlord R&B Realty Group, respectively.

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Deal Type
Effective Rent (Annual)

$758,192.32

Total Lease Value

$7,581,923.18

Net Landlord Cash Flow$758,192.32