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
$65
$65/SF
Building Size
10,175 SF
Asset Type
Retail
Closing
Jun 28, 2023
About this deal
AI
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.
On the Map
$65
$65/SF
Retail
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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
244046.15%
Cash-on-Cash
-69749.14%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93