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5822 Sunset Dr, South Miami...

State Of Kid Leases 2400 Sq Ft Space At 5822 Sunset Dr South Miami With Dabby Properties
LEASEDRetail

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

Alex Rich

Rich Commercial Group

Broker

$21.5M

vol

3 deals

Broker
DP
Dabby PropertiesLandlord

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