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1 Main Street Miramar, Flor...

Miramar's Manor Development Signs Retail Tenants Sweat440, Crema Gourmet Espresso Bar, And The Spot Barbershop
LEASEDRetail

Miramar's Manor Development Signs Retail Tenants Sweat440, Crema Gourmet Espresso Bar, And The Spot Barbershop

1 Main Street Miramar, Florida 33025, Usa

Building Size

7,400 SF

Asset Type

Retail

Closing

Jul 27, 2023

AI

The Manor Miramar mixed-use development in Miramar, Florida, has signed its first retail tenants, marking an important milestone for the project. The retail space, which spans over 20,000 square feet, will house a fitness center, a coffee shop, and a barbershop. Located at 1 Main Street, the development also includes a 393-unit apartment complex. The anticipated opening of this vibrant retail destination is set for later this year.

Summary of transaction details

This exciting development has attracted a diverse range of retail tenants. Sweat440, a fitness center, will offer a wide array of workout options to residents and visitors of the Manor Miramar. Crema Gourmet Espresso Bar will provide a cozy and inviting atmosphere for coffee enthusiasts to enjoy their favorite beverage. The Spot Barbershop will offer high-quality grooming services, catering to the grooming needs of the community. The Manor Miramar is set to become a vibrant hub where residents and visitors can access a variety of amenities and services.

Players

Jonathan Rosen

JLL

Broker

$4M

vol

7 deals

Broker
Related Group
Related GroupLandlord

Cambridge Retail Market Snapshot

Boundary boundary · Retail · 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