La Sandwicherie Leases 1,000 SF Retail Space At 60 Southwest 10th Street In Miami
60 Southwest 10th Street
$75
$75/SF
Building Size
1,000 SF
Asset Type
Retail
Closing
Jul 18, 2024
About this deal
AI
The property asset involved in this transaction is a retail space located at 60 Southwest 10th Street in the Miami market. The landlord of the property is La Sandwicherie, which has secured a lease for a prime 1,000 square feet. The asking rent for this location is set at $75 per square foot. The deal includes a confidential key money value related to the lease acquisition.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: Confidential key money value
- Address: 60 Southwest 10th Street
- Market: Miami
- Landlord: La Sandwicherie
- Tenant: Sproutz
- Asking Rent: $75/ft.
- Square Footage: 1,000 SF
- Broker Representatives: Fabio Faerman & Sebastian Faerman - FA Commercial
This transaction involved Fabio Faerman and Sebastian Faerman, representing FA Commercial, who were instrumental in facilitating the lease for La Sandwicherie. Earlier in the month, they also successfully secured a relocation site for Sproutz, indicating a proactive acquisition strategy for similar businesses in the area.
On the Map
$75
$75/SF
Retail
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Players
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
211506.67%
Cash-on-Cash
-60449.25%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93