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530 Lincoln Rd, Miami Beach...

Showfields Leases Retail Space At 530 Lincoln Rd. In South Beach With Reps Brandon Singer & Sara Wolfe
LEASEDRetail

Showfields Leases Retail Space At 530 Lincoln Rd. In South Beach With Reps Brandon Singer & Sara Wolfe

530 Lincoln Rd, Miami Beach, FL 33139, USA

Building Size

15,000 SF

Asset Type

Retail

Closing

Nov 19, 2020

AI

Located at 530 Lincoln Rd. in South Beach, this retail property recently closed on November 20, 2020. The asset spans 15,000 square feet and was leased by@Showfields. The property was represented by Brandon Singer of RetailByMona and Sara Wolfe of Koniver Stern Group. The asking rent for the space was $130 per square foot.

Summary of transaction details

  • Property Type: Retail
  • Closing Date: 11/20/2020
  • Address: 530 Lincoln Rd.
  • Market: South Beach
  • Tenant: @Showfields
  • Brokers: Brandon Singer - RetailByMona,Sara Wolfe - Koniver Stern Group
  • Asking Rent: $130/ft.
  • SF: 15,000

Amir Zwickel, Katie Hunt, Tal Zvi Nathanel, and Sara Wolfe played crucial roles in closing this deal, representing the interests of the involved parties. The leasing process for this retail space was facilitated by Brandon Singer from RetailByMona, and Sara Wolfe from Koniver Stern Group provided additional support. Their expertise and negotiation skills contributed to the successful completion of this transaction.

Players

Brandon Singer

Retail By Mona

Broker

$84.3M

vol

60 deals

Broker
S
ShowfieldsTenant

Miami Beach 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

5.80%

Cash-on-Cash

-1.66%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93