Benderson Development Company Leases 15000 Square Feet To Tenant At 13555 Tamiami Trail N
13555 Tamiami Trail N, Naples, FL, 34...
Building Size
15,000 SF
Asset Type
Other
Closing
Nov 19, 2023
AI
Guitar Center has leased a 15,000-square-foot store located at 13555 Tamiami Trail N, Naples, FL, within the Gateway Shoppes. This marks the brand's 300th location. The facility will incorporate the company's latest design, which includes a lessons area, a rental department, and interactive DJ experiences.
Summary of transaction details:
- Property Type: Lease
- Transaction Amount: Not specified
- Address: 13555 Tamiami Trail N, Naples, FL
- Market: Naples
- Tenant's Representative: Bruce Shepard - TSCG
- Landlord: Benderson Development Company
Bruce Shepard from TSCG facilitated the lease agreement on behalf of Guitar Center, coordinating the transaction with Benderson Development Company, the owner of Gateway Shoppes.
Players
Naples Other Market Snapshot
Boundary boundary · Other · 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