Sentral Leases 32,000 SF Retail Space In Wynwood To Maman Bakery And Other Tenants
51 Northwest 26th Street
$85
$85/SF
Building Size
32,000 SF
Asset Type
Retail
Closing
Jul 23, 2025
AI
The property asset involved in this lease transaction is a retail space located at 51 Northwest 26th Street in Miami. The asking rent for this asset is set at $85 per square foot, encompassing a total area of 32,000 square feet. This lease is structured as a NNN Lease, providing certain benefits and obligations to the tenant. The market value reflects its positioning in a vibrant area.
Summary of transation details:
- Property Type: Retail
- Transaction Amount: $85/ft
- Address: 51 Northwest 26th Street
- Market: Miami
- Asset Size: 32,000 SF
- Lease Type: NNN Lease
- Landlord: Sentral
- Tenants: Maman Bakery, Form 50 Fitness, Wynwood Buggies, The Now Massage, Zuri, Ossobuco, House of Mane, The Wall Art & Symphony Art Galleries
- Landlord's Representative: Ezequiel Baredes & Gaston Miculitzki - BM2 Realty
The deal features a diverse tenant mix that includes restaurants, art galleries, fitness studios, and a spa, contributing to a unique lifestyle destination in the heart of Wynwood.
Players
Miami Retail Market Snapshot
Boundary boundary · Retail · Lease transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
186623.53%
Cash-on-Cash
-53337.58%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93