Grant Cardone And Ryan Tseko Lease 14,000 SF Retail Space To Addison House In Aventura
18909 Northeast 29th Avenue
$75
$75/SF
Building Size
14,000 SF
Asset Type
Retail
Closing
Aug 1, 2026
About this deal
AI
The asset is a retail property located at 18909 Northeast 29th Avenue in Aventura. The lease was signed at an asking rent of $70 per square foot for a space measuring 14,000 square feet. The lease term established is for 5 years under a NNN lease structure.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $70/ft
- Lease Term: 5 years
- Lease Type: NNN Lease
- Landlord: Grant Cardone - Cardone Capital and Ryan Tseko
- Tenant: Max Alcalay - Addison House Deal
- Broker: Barrett Wolf - Wolf Commercial Real Estate
The transaction involved Grant Cardone and Cardone Capital as landlords, alongside Ryan Tseko. Max Alcalay represented Addison House as the tenant in this lease agreement. Barrett Wolf acted as the sole broker, representing the landlords throughout the transaction.
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