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
About this deal
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.
On the Map
$80
$80/SF
Retail
View full map
Players
Miami Retail Market Snapshot
Boundary boundary · Retail · Lease transactions
Loading comparables…
Deal FAQ
Visit Bernardita Banfi to view all their deals.
Browse Miami retail leases on Traded.
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