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
Doral Commercial Market Snapshot
Boundary boundary · Commercial · Lease transactions
Loading comparables…
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