Private Investor Leases 16285 Square Feet At 3595 Coral Way Miami With Landlord's Reps Matthew Mousavi And Dan Elliot
LEASED
Florida
See Similar DealsRetail16,285 SF
LEASED
Private Investor Leases 16285 Square Feet At 3595 Coral Way Miami With Landlord's Reps Matthew Mousavi And Dan Elliot
3595 Coral Way, Miami, FL, 33145
See Similar DealsRetail16,285 SF
Summary
FLORIDA
Asset Type:Retail
Price Per Square Foot:$0
Total Square Footage:16,285 SF
Transaction Type:Lease
A single-tenant retail property located at 3595 Coral Way in Miami has been sold for $14.4 million. The property comprises 16,285 square feet and is currently occupied by Walgreens, which has signed a new 15-year, corporate-guaranteed, triple-net lease.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $14.4 million
- Address: 3595 Coral Way, Miami, FL, 33145
- Market: Miami
- Landlord: Private Investor
- Landlord's Representatives: Matthew Mousavi - SRS Real Estate Partners, Dan Elliot - SRS Real Estate Partners
- Tenant: Walgreens
- Square Feet: 16,285
Sean Lutz, Dan Elliot, Matthew Mousavi, and Patrick Luther of SRS Real Estate Partners represented the buyer, a Nevada-based private investor, in the 1031, all-cash transaction.
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Deal Type
NNN (Triple Net)
Effective Rent (Annual)
$933,446.37
Total Lease Value
$9,334,463.73
Net Landlord Cash Flow$933,446.37
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