The Yard Gym Leases Retail Space At 31 North Miami Avenue For $47 Per Square Foot

The asset involved in this transaction is a retail property located at 31 North Miami Avenue in the Miami market. The asking rent for the space is $47 per square foot for a total area of 3,237 square feet. The lease is structured as a Single Net Lease with a term of 10 years.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $47/ft
• Lease Term: 10 Years
• Lease Type: Single Net Lease
• Landlord: Ling Ng
• Tenant: The Yard Gym
• Landlord's Representative: Sebastian Chamizo & Manny Chamizo III - One Sotheby’s International Realty

This successful transaction features a national tenant securing the lease, highlighting the effective representation by Ling Ng through Sebastian Chamizo & Manny Chamizo III at One Sotheby’s International Realty, who stated, "We List it, We Lease It!"