LEASEDRetail
Amazon Leases Retail Space At 700 Lincoln Road In Miami Beach
700 Lincoln Rd, Miami Beach, FL 33139, USA
Building Size
5,000 SF
Asset Type
Retail
Closing
Jun 8, 2020
About this deal
AI
The retail property located at 700 Lincoln Road in Miami Beach has been leased. The property spans approximately 5,000 square feet and had an asking rent of $70 per square foot.
Summary of transaction details:
- Property Type: Retail
- Asking Rent: $70 per square foot
- Square Footage: 5,000
- Tenant: Amazon
- Landlord: Seven Hundred Realty Corp – Nathan Silverstein
Amazon has secured the lease for this retail property, while Seven Hundred Realty Corp, represented by Nathan Silverstein, acted as the landlord in the transaction.
Players
AmazonTenant
Miami Beach Retail Market Snapshot
Boundary boundary · Retail · Lease transactions
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Deal FAQ
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