Glenn Braswell Leases Retail Space To Maiden Home At 3740 Northeast 2nd Avenue
3740 Northeast 2nd Avenue
$200
$200/SF
Building Size
4,400 SF
Asset Type
Retail
Closing
Nov 19, 2024
AI
The property involved in this transaction is a retail asset located at 3740 Northeast 2nd Avenue in the Miami market. The property encompasses a total of 4,400 square feet, with an asking rent of $200 per foot. This transaction involves a NNN lease with a term of 5 years.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $200/ft
- Square Footage: 4,400
- Address: 3740 Northeast 2nd Avenue
- Market: Miami
- Landlord: Glenn Braswell
- Tenant: Maiden Home
- Landlord's Representative: Max Loria - STL Commercial
- Tenant's Representatives: Jared Robins & Justin Lee - Inhouse Commercial
- Lease Type: NNN Lease
- Lease Term: 5 Years
Max Loria of STL Commercial represents the landlord, Glenn Braswell, while Jared Robins and Justin Lee of Inhouse Commercial represent the tenant, Maiden Home in this lease agreement.
Players
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
79315.00%
Cash-on-Cash
-22668.47%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93