Optima Salons Leases 7,108 SF Retail Space At 501 Northeast 31st Street In Miami

The property asset is located at 501 Northeast 31st Street CU-1 in the Miami market. It is classified as a retail space with a total square footage of 7,108. The asking rent for this space is set at $55 per square foot under a 15-year NNN lease agreement.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $55/ft
• Square Footage: 7,108
• Lease Term: 15 years
• Lease Type: NNN Lease
• Tenant: Optima Salons
• Landlord's Representative: Manny Chamizo III - Sotheby's International Realty
• Tenant's Representative: Sebastian Chamizo - One Sotheby’s International Realty

This transaction was facilitated through the efforts of Manny Chamizo III and Sebastian Chamizo, who represented the landlord and tenant, respectively. The representatives worked closely to ensure that the leasing process was streamlined, resulting in a successful agreement for the occupancy of the retail space by Optima Salons. The note from the tenant's representative underscored the importance of finding the right fit for the tenant while expressing gratitude to all parties involved in the deal.