Terra Group Leases Retail Space At 8600 NW 36th St, Miami, FL In Doral
8600 NW 36th St, Miami, FL, 33166
Building Size
36,500 SF
Asset Type
Retail
Closing
May 5, 2021
About this deal
AI
The property asset involved in the transaction is a retail space located at 8600 NW 36th St, Miami, FL, 33166. It encompasses a total area of 36,500 square feet within the Doral market. The landlord, Terra Group, is represented by Rod Castan from Metro Commercial Real Estate.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: Not specified
- Address: 8600 NW 36th St, Miami, FL, 33166
- Market: Doral
- Square Feet: 36,500
- Landlord's Representative: Rod Castan - Metro Commercial Real Estate
- Landlord: Terra Group
The lease transaction occurred on May 5, 2021. The focus of the representation was on the landlord, Terra Group, with Rod Castan facilitating the agreement on their behalf, ensuring the necessary negotiations and contractual obligations were appropriately addressed.
Players
Doral 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