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60 Southwest 10th Street

Updated Dec 4, 2024

La Sandwicherie Leases 1,000 SF Retail Space At 60 Southwest 10th Street In Miami
LEASEDRetail

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

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$75

$75/SF

Retail

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Players

Fabio Faerman

FA Commercial

Broker

$278.3M

vol

67 deals

Broker
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Miami Retail Market Snapshot

Boundary boundary · Retail · Lease transactions

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Deal FAQ

About $75 per square foot on a published $75 for 1,000 square feet (2024).

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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

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