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736 6th Street, Miami Beach...

Green Monkey Yoga Leases Retail Space In North Of Fifth, Miami Beach
LEASEDRetail

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

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.

Players

Daniel Wolf

Broker

$5.4M

vol

3 deals

Broker

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