Green Apple Market Leases Retail Space At 3131 NE 7th Ave In Miami
3131 Northeast 7th Avenue, Miami, FL, USA
Building Size
600 SF
Asset Type
Retail
Closing
Jan 31, 2021
About this deal
AI
The retail property located at 3131 NE 7th Ave in Miami has recently been leased. The lease transaction took place on 02/01/2021. The tenant, Green Apple Market, will be occupying the space, while the landlord of the property is Talal Alnafisi.
Summary of transaction details:
- Property Type: Retail
- Address: 3131 NE 7th Ave, Miami
- Tenant: Green Apple Market
- Landlord: Talal Alnafisi
The lease was facilitated by broker Yaacov Poston from nr.miami. The asking rent for the retail space is $55 per square foot, with a total area of 600 square feet. For off-market deals in Miami, interested parties can contact the P&R Group at 305-904-4753.
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