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
About this deal
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.
On the Map
Retail
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Players
Miami Beach 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