Green Monkey Yoga Leases Retail Space In North Of Fifth, Miami Beach
736 6th Street, Miami Beach, Florida 33139, United States
Building Size
4,246 SF
Asset Type
Retail
Closing
Mar 6, 2022
About this deal
AI
At 736 & 744 6th St in North of Fifth, Miami Beach, a retail property has been leased. The property spans 4,246 square feet and was leased on a NNN lease type. The asking rent for this property was $50 per square foot.
Summary of transaction details:
- Property Type: Retail
- Transaction Date: 03/07/2022
- Address: 736 & 744 6th St
- Market: North of Fifth, Miami Beach
- Landlord: Jefferson Investment Corp - Nuzhat Ara Hossain
- Tenant: Green Monkey Yoga - Kata Bilanchone
- Landlord's Representatives: Daniel Wolf, Mike Tewel - Buyers Realty Miami; Mendel Fellig - Compass
- Tenant's Representatives: Clay Sidner & Jeremy Hakala - Newmark
- Asking Rent: $50/ft.
- Square Footage: 4,246
- Lease Type: NNN
The deal was represented for the landlord by Daniel Wolf and Mike Tewel from Buyers Realty Miami, as well as Mendel Fellig from Compass. Clay Sidner and Jeremy Hakala from Newmark acted as the tenant's representatives.
On the Map
Retail
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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