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4040 Northeast 2nd Avenue

Kabe Shop Inc Leases Retail Space At 4040 Northeast 2nd Avenue With Ivan Abuchaibe
LEASEDRetail

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

Ivan Abuchaibe

Broker

$3.2M

vol

6 deals

Broker
The Grand Lion Real Estate Group
The Grand Lion Real Estate GroupBrokerage

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