facebook
TradedTraded
    Home
    Search
    Closings
    Listings
    On Market
    Off Market
    Add a listing
    Vaults
    shh
    Rankings
    News
    Data
    Socials
    More


Messages

Go Pro
+ Submit+ Submit a Deal
Home

/

Deals

/

Florida

/

Retail

/

Lease

/

600 Lincoln Rd, Miami Beach...

Terranova Corporation Leases 7000 SF Retail Space At 600 Lincoln Rd, Miami Beach
LEASEDRetail

Terranova Corporation Leases 7000 SF Retail Space At 600 Lincoln Rd, Miami Beach

600 Lincoln Rd, Miami Beach, FL, 33139

Building Size

7,000 SF

Asset Type

Retail

Closing

Feb 23, 2022

AI

The retail property located at 600 Lincoln Rd, Miami Beach, FL, 33139, spans 7,000 square feet in the vibrant market of Miami Beach. The landlord, Terranova Corporation, facilitated a lease agreement for this prime retail space on 02/23/2022.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: Not Applicable
  • Address: 600 Lincoln Rd, Miami Beach, FL, 33139
  • Market: Miami Beach
  • Landlord's Rep: Mindy McIlroy(Terranova Corp)
  • Landlord: Terranova Corporation
  • Square Feet: 7000

This lease transaction was successfully negotiated with the expertise of Mindy McIlroy from Terranova Corp, representing the landlord, Terranova Corporation, in securing a tenant for the 7,000 square feet retail space, adding value to the Miami Beach market.

Players

Mindy McIlroy

Terranova Corp

Broker

2 deals

Broker
TC
Terranova CorporationLandlord

Miami Beach Retail Market Snapshot

Boundary boundary · Retail · Lease transactions

Loading comparables…

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