State Of Kid Leases 2400 Sq Ft Space At 5822 Sunset Dr South Miami With Dabby Properties
5822 Sunset Dr, South Miami, FL, 33143
Building Size
2,400 SF
Asset Type
Retail
Closing
Nov 19, 2023
AI
5822 Sunset Dr, South Miami, FL, 33143, is a leased property comprising 2,400 square feet situated in the South Miami market. The landlord for this transaction is Dabby Properties, who has entered into a lease agreement with the tenant, State of Kid.
Summary of transaction details:
- Property Type: Lease
- Transaction Amount: Not specified
- Address: 5822 Sunset Dr, South Miami, FL, 33143
- Market: South Miami
- Landlord: Dabby Properties
- Tenant: State of Kid
- Square Feet: 2400
- Landlord's Representative: Alex Rich, Rich Commercial Group
In this transaction, Alex Rich from Rich Commercial Group represents the landlord, Dabby Properties, facilitating the lease agreement with the tenant, State of Kid. This representation highlights the role of the brokerage in securing the lease for the involved parties.
Players
South 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
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93