AVO Miami Signs 10 Year NNN Lease At 5958 South Dixie Highway With Landlord's Rep The Comras Company
5958 South Dixie Highway
Building Size
2,900 SF
Asset Type
Retail
Closing
Aug 17, 2025
AI
The property asset involved in the transaction is a retail space located at 5958 South Dixie Highway in the South Miami market. The lease has a term of 10 years and is structured as a NNN lease, indicating that the tenant is responsible for paying all the property expenses including taxes, insurance, and maintenance.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: Not specified
- Lease Term: 10 years
- Lease Type: NNN Lease
- Tenant: AVO Miami
- Landlord's Representative: Irma Figueroa & Max Gelband - The Comras Company
- Tenant's Representative: Sam Singer - Vertical Real Estate
The deal features key representatives from both the landlord and the tenant. Irma Figueroa and Max Gelband from The Comras Company represent the landlord in this transaction, while Sam Singer from Vertical Real Estate represents AVO Miami, the tenant.
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