Doug Levine's Wynwood Retail Leased For $50/ft At 520 NW 27 Street
520 Northwest 27th Street, Wynwood, Miami, FL, USA
$250,000
$50/SF
Building Size
5,000 SF
Asset Type
Retail
Closing
Jun 30, 2021
AI
The retail property located at 520 NW 27 Street in Wynwood, Miami has been leased. The property spans an area of 5,000 square feet. The landlord for this transaction is Doug Levine, and the broker involved in the deal is Adriano Salucci.
Summary of transaction details
- Property Type: Retail
- Asking Rent: $50 per square foot
Adriano Salucci, representing the tenant, played a key role in securing this lease agreement. The transaction was completed on 7/01/2021.
Players
Miami Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
63.45%
Cash-on-Cash
-18.13%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93