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9000 NW 15th St, Doral, FL,...

Christ Fellowship Leases 24,563 SF Office Space In Lake’s Edge, Doral
LEASEDCommercial

Christ Fellowship Leases 24,563 SF Office Space In Lake’s Edge, Doral

9000 NW 15th St, Doral, FL, 33172

Building Size

24,563 SF

Asset Type

Commercial

Closing

Dec 17, 2018

AI

The leased property, located at 9000 NW 15th St in Doral, FL, 33172, is a 24,563-square-foot office within Lake’s Edge Commercial Park. The asset is part of an 80,470 flex center and is fully occupied. The landlord, Lake’s Edge Commercial Properties, facilitated the lease transaction with Christ Fellowship, represented by Stephen Smith of ComReal Companies.

Summary of transation details:

  • Property Type: Commercial
  • Transaction Amount: Not Applicable
  • Tenant: Christ Fellowship
  • Landlord: Lake’s Edge Commercial Properties
  • Square Feet: 24,563
  • Market: Doral
  • Landlord's Representative: Stephen Smith

Stephen Smith of ComReal Companies, who also holds an ownership interest in the center, played a key role in finalizing the 24,563-square-foot office lease. The involvement of notable entities like Christ Fellowship and Lake’s Edge Commercial Properties highlights the significance of this transaction within the Doral commercial property market.

Players

Stephen Smith

Broker

2 deals

Broker

Doral Commercial Market Snapshot

Boundary boundary · Commercial · Lease transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

5.80%

Cash-on-Cash

-1.66%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93