Club Studio Leases Retail Space At 851 NE 1st Ave, Miami
LEASED
Florida
See Similar DealsRetail35,363 SF
Leased 12/19/2022
LEASED
Club Studio Leases Retail Space At 851 NE 1st Ave, Miami
851 NE 1st Ave, Miami, FL, 33132
See Similar DealsRetail35,363 SF
Leased 12/19/2022
Summary
FLORIDA
Asset Type:Retail
Price Per Square Foot:$0
Total Square Footage:35,363 SF
Transaction Type:Lease
The retail property located at 851 NE 1st Ave, Miami, FL, 33132, with a total square footage of 35,363 square feet, was recently leased on December 19, 2022. The lease transaction involved Club Studio as the tenant and CIM Group as the landlord.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: Not specified
- Tenant: Club Studio
- Tenant's Rep: Ted Slaughter (RealSource Group)
- Landlord: CIM Group
- Market: Miami
- Square Feet: 35,363
Ted Slaughter from RealSource Group represented Club Studio in this lease transaction, while CIM Group acted as the landlord for the property. The deal showcased a successful agreement between the tenant and the landlord, further solidifying business relationships within the Miami retail market.
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Deal Type
NNN (Triple Net)
Effective Rent (Annual)
$2,026,985.82
Total Lease Value
$20,269,858.20
Net Landlord Cash Flow$2,026,985.82
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