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Miami Luxury LLC Leases Retail Space In El Portal For $15/ft

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LEASED

Florida

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Retail12,982 SF
Leased 10/18/2021
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Property Image
LEASED

Miami Luxury LLC Leases Retail Space In El Portal For $15/ft

8450 Northwest 6th Court, Miami, FL, USA

See Similar Deals
Retail12,982 SF
Leased 10/18/2021
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Summary

FLORIDA
Asset Type:Retail
Total Square Footage:12,982 SF
Transaction Type:Lease

A retail property located at 8450-8452 NW 6th Ct in El portal has been leased. The lease was finalized on 10/18/2021. The property spans a total of 12,982 square feet. The landlord, Plissner Florida Corp, represented by Michael A. Plissner, entered into a lease agreement with Miami Luxury LLC, doing business as Miami Luxury Cars. The tenant was represented by Isabella Muriel of Florida Capital Realty.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: Not specified
  • Asking Rent: $15/ft.
  • Lease Type: NNN Lease
  • Lease Terms: 5 years with option of (2) 5-year renewal

The Fitzgerald Group acted as the landlord's representative in this deal. Isabella Muriel of Florida Capital Realty served as the tenant's representative. The lease terms include an asking rent of $15 per square foot. The lease is a NNN lease and has a duration of 5 years, with the option to renew for two additional 5-year terms.

Players

1 deal
BROKER

CrossHarbor Capital Partners
LENDER

Details

LEASED
IMAGE: Isabella Muriel DATE: 10/18/2021 ADDRESS: 8450-8452 NW 6th Ct MARKET: El portal ASSET TYPE: Retail LANDLORD: Plissner Florida Corp - Michael A. Plissner TENANT: Miami Luxury LLC dba Miami Luxury Cars (@MiamiLuxuryCars) LANDLORD'S REP: The Fitzgerald Group TENANT'S REP: Isabella Muriel (@IsabellaMuriel) - Florida Capital Realty ASKING RENT: $15/ft. ~ SF: 12,982 LEASE TYPE: NNN Lease LEASE TERMS: 5 years with option of (2) 5-year renewal

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Deal Type
Effective Rent (Annual)

$744,120.41

Total Lease Value

$7,441,204.06

Net Landlord Cash Flow$744,120.41