Mamalisa Gelato Leases Retail Space At 318 Lincoln Road In South Beach With Brokers Retail By MONA
318 Lincoln Road, Miami Beach, Florida 33139, United States
Building Size
2,000 SF
Asset Type
Retail
Closing
Mar 6, 2022
AI
Located at 318 Lincoln Road in South Beach, this recently closed lease transaction involved a retail property with an area of 2,000 square feet. The property was leased by Mamalisa Gelato, a tenant, from the landlord RFR Realty. The leasing transaction was facilitated by Brandon Singer and Michael Cody of Retail by MONA.
Summary of transaction details
- Property Type: Retail
- Date: 03/07/2022
- Address: 318 Lincoln Road
- Tenant: Mamalisa Gelato
- Landlord: RFR Realty
- Brokers: Brandon Singer & Michael Cody - Retail by MONA
- Asking Rent: $250/ft.
Brandon Singer and Michael Cody, representing Retail by MONA, played a pivotal role in the deal as the brokers for Mamalisa Gelato. This lease transaction marks a significant milestone for both the tenant and the landlord, further strengthening their presence in the South Beach market.
Players
Miami Beach 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