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Kitchens Leases 4,500 SF Luxury Retail Space In Miami's Design District

Property Image
LEASED
Joe Fernandez
Alex Cesar
Tony Arellano

Florida

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Retail4,500 SF
Leased 04/06/2021
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Property Image
LEASED

Kitchens Leases 4,500 SF Luxury Retail Space In Miami's Design District

3740 Northeast 2nd Avenue, Miami, FL 33137

See Similar Deals
Retail4,500 SF
Leased 04/06/2021
Joe Fernandez
Alex Cesar
Tony Arellano
the dealplayerscompscontact
Contact now

Summary

FLORIDA
Asset Type:Retail
Total Square Footage:4,500 SF
Transaction Type:Lease

3740 NE 2nd Avenue in Miami has recently been leased to Kitchens, a high-end and bespoke kitchen solutions provider. With their expertise and years of experience, Kitchens will now share their concepts and designs with the refined tastes of Miami's Design District. The retailer will occupy 4,500 square feet of luxury retail space in the unforgettable showroom located at 3740 NE 2nd Avenue.

Summary of transaction details

Leading the deal were Tony Arellano, P.A. and Joe Fernandez from DWNTWN Realty Advisors, along with Alex Cesar from CBRE. Their expertise and extensive networks played a crucial role in facilitating this lease agreement between Kitchens and the landlord of 3740 NE 2nd Avenue.

Players

Tony Arellano
DWNTWN Realty Advisors
Tony Arellano
152 deals$1.6B volume
BROKER
Joe Fernandez
DWNTWN Realty Advisors
Joe Fernandez
15 deals$56M volume
BROKER
Alex Cesar
CBRE
Alex Cesar
3 deals$6.2M volume
BROKER

Details

LEASED
IMAGE: Alex Cesar & Tony Arellano DATE: 04/06/2021 ADDRESS: 3740 NE 2nd Avenue MARKET: Miami ASSET TYPE: Retail TENANT: Kitchens LANDLORD: 3740 NE 2nd Avenue BROKERS: Tony Arellano, P.A. & Joe Fernandez - DWNTWN Realty Advisors; Alex Cesar - CBRE ASKING RENT: $111/ft. SF: 4,500 NOTE: Since 1964 Kitchens has been providing high-end and bespoke solutions for their customers in South America. Kitchens will now be sharing their many years of expertise creating unforgettable kitchen concepts, with the refined tastes in Miami’s Design District. The unforgettable showroom experience will be front and center at 3740 NE 2nd Avenue, occupying 4,500 SF of luxury retail space.

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Deal Type
Effective Rent (Annual)

$257,937.28

Total Lease Value

$2,579,372.85

Net Landlord Cash Flow$257,937.28