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318 Lincoln Road, Miami Bea...

Mamalisa Gelato Leases Retail Space At 318 Lincoln Road In South Beach With Brokers Retail By MONA
LEASEDRetail

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

Brandon Singer

Retail By Mona

Broker

$84.3M

vol

59 deals

Broker

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