LAMM Industries Leases Retail Space At 300-310 NE 61st St In Miami
300-310 NE 61st St, Miami, FL, USA
Building Size
7,850 SF
Asset Type
Retail
Closing
Nov 4, 2021
About this deal
AI
The retail property located at 300-310 NE 61st St in Miami has been leased by LAMM Industries, Inc. The leasing deal was facilitated by broker Mikhail Mudrik from Tzinker International Realty. The property offers approximately 7,850 square feet of space and was listed at an asking rent of $35 per square foot.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: Not specified
- Address: 300-310 NE 61st St, Miami
- Market: Miami
- Asset Type: Retail
Mikhail Mudrik from Tzinker International Realty represented LAMM Industries, Inc. in this lease agreement.
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
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93