Bret Seidler Leases 2,500 SF Retail Space To Sabah Nissan In Miami For $75/ft
25 Sw 2 Av
$75
$75/SF
Building Size
2,500 SF
Asset Type
Retail
Closing
Apr 1, 2026
AI
This retail space located at 25 Southwest 2nd Avenue in Miami has a total square footage of 2,500 and is under a lease agreement with a tenure of 10 years. The asking rent for this property amounts to $75 per square foot. The lease type established for this transaction is a double net lease.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $75/ft
- Square Footage: 2,500
- Lease Term: 10 years
- Lease Type: Double Net Lease
- Address: 25 Southwest 2nd Avenue
- Market: Miami
- Landlord: Bret Seidler
- Tenant: Sabah Nissan
- Landlord's Representative: Shai Ben Ami - Urban Core
- Tenant's Representative: Enrique Ponte Ojeda - Carmona Realty Group
Key individuals in this transaction include landlord Bret Seidler, who owns the retail space, and tenant Sabah Nissan, who will occupy the premises. The deal is represented by Landlord's representative Shai Ben Ami from Urban Core and Tenant's representative Enrique Ponte Ojeda from Carmona Realty Group.
Players
Miami 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
211506.67%
Cash-on-Cash
-60449.25%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93