Valery Joseph Salon Leases Retail Space In Little River, Miami Court
7329 Northwest Miami Court, Little River, Miami, FL, USA
Building Size
2,000 SF
Asset Type
Retail
Closing
Jan 3, 2021
About this deal
AI
The retail property located at 7329 NW Miami Court in Little River was recently leased by Valery Joseph Salon. The property, owned by MVW Partners, was represented in the deal by Brandon Charnas of Current Real Estate. The lease was signed on January 4, 2021, with an asking rent of $25 per square foot for a space measuring 2,000 square feet.
Summary of transaction details
- Property Type: Retail
- Transaction Date: 01/04/2021
- Address: 7329 NW Miami Court
- Market: Little River
- Tenant: Valery Joseph Salon
- Landlord: MVW Partners
- Broker: Brandon Charnas - Current Real Estate
- Asking Rent: $25/ft.
- Square Footage: 2,000
Brandon Charnas of Current Real Estate served as the representative for the landlord, MVW Partners, in the lease agreement with Valery Joseph Salon. The lease transaction involved the rental of a 2,000 square foot retail space at 7329 NW Miami Court in Little River, with an asking rent of $25 per square foot.
On the Map
Retail
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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
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93