Kabe Shop Inc Leases Retail Space At 4040 Northeast 2nd Avenue With Ivan Abuchaibe
4040 Northeast 2nd Avenue
$240
$240/SF
Building Size
1,000 SF
Asset Type
Retail
Closing
Dec 16, 2024
AI
The property involved in this transaction is a retail asset located at 4040 Northeast 2nd Avenue, Miami. The asking rent for the space is $240 per square foot, with a total area of 441 square feet. This retail lease arrangement falls within the Miami market.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $240/ft
- Address: 4040 Northeast 2nd Avenue
- Market: Miami
- Square Footage: 441
- Landlord: Craig Robins - Design District Miami
- Tenant: Kabe Shop Inc
- Landlord's Representative: Steven Gretenstein
- Tenant's Representative: Ivan Abuchaibe - The Grand Lion Real Estate Group
- Lease Type: Retail Lease
The transaction features key representatives including Craig Robins as the landlord, with Steven Gretenstein acting on behalf of the landlord. Kabe Shop Inc is the tenant, represented by Ivan Abuchaibe from The Grand Lion Real Estate Group.
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
66095.83%
Cash-on-Cash
-18890.39%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93