The property asset involved in the transaction is a retail space located at 5396 Biscayne Boulevard in Miami. This asset features an asking rent of $7 per square foot and encompasses a total area of 33,490 square feet. The lease agreement pertains to a Ground Lease structured as a NNN Lease.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $7/ft
- Address: 5396 Biscayne Boulevard
- Market: Miami
- Landlord: The Kroenke Group
- Tenant: Chipotle
- Lease Term: Ground Lease
- Lease Type: NNN Lease
- Landlord’s Representative: Arnaldo Cantero III – C-3 Commercial Real Estate Advisory
View article: https://traded.co/deals/florida/retail/lease/deal-289601/
