facebook

traded

+ Submit
Home

/

Deals

/

Florida

/

Retail

/

Lease

/

50 Northwest 24th Street

Machine Gun Kelly's 27 Club Coffee Leases Retail Space In Miami From Robert Rivani For 10 Years
LEASEDRetail

Machine Gun Kelly's 27 Club Coffee Leases Retail Space In Miami From Robert Rivani For 10 Years

50 Northwest 24th Street

$80

$80/SF

Building Size

2,778 SF

Asset Type

Retail

Closing

Jul 31, 2025

AI

The retail asset located at 50 Northwest 24th Street in the Miami market is leased to 27 Club Coffee, which is represented by Machine Gun Kelly, for a total space of 2,778 square feet. The asking rent for this lease is set at $80 per square foot, under a NNN lease agreement, with a term length of 10 years.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: $80/ft
  • Square Footage: 2,778
  • Lease Term: 10 Years
  • Lease Type: NNN Lease
  • Address: 50 Northwest 24th Street
  • Market: Miami
  • Landlord: Robert Rivani
  • Tenant: 27 Club Coffee - Machine Gun Kelly
  • Landlord's Representative: Metro 1 Commercial
  • Brokers: Juan Andres Nava, Bernardita Banfi & Johnny Moreno - Metro 1 Commercial

The transaction involves key stakeholders including the landlord, Robert Rivani, and the tenant, 27 Club Coffee, represented by Machine Gun Kelly. The deal was facilitated by Metro 1 Commercial, with Juan Andres Nava, Bernardita Banfi, and Johnny Moreno playing significant roles as brokers in this lease arrangement.

Players

Juan Andres Nava

Metro 1 Commercial

Broker

$193.4M

vol

35 deals

Broker
Metro 1 Commercial
Metro 1 CommercialBrokerage
Robert Rivani

Robert Rivani

Landlord

$512M

vol

53 deals

Landlord

Miami Retail Market Snapshot

Boundary boundary · Retail · Lease transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

198287.50%

Cash-on-Cash

-56671.18%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93