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11225 Miramar Parkway, Mira...

The Ibrow Spa LLC Leases 2,400 SF Retail Space At Miramar Park Place Associates For $55/ft. NNN Lease
LEASEDRetail

The Ibrow Spa LLC Leases 2,400 SF Retail Space At Miramar Park Place Associates For $55/ft. NNN Lease

11225 Miramar Parkway, Miramar, Florida 33023, United States

Building Size

2,400 SF

Asset Type

Retail

Closing

Jan 26, 2022

AI

The Miramar Park Place Retail Development in Miramar has recently leased a retail space located at 11225 Miramar Pkwy. The property spans 2,400 square feet and is part of a new retail development. The lease terms are set for a period of 10 years, with a lease type of NNN Lease. The Ibrow Spa LLC has secured the lease for this retail space.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Date: 01/12/2022
  • Address: 11225 Miramar Pkwy - Miramar Park Place Retail Development
  • Market: Miramar

In this deal, The Ibrow Spa LLC was represented by Juliana Yepes from Real Estate Sales Force, Inc. The landlord, Miramar Park Place Associates, was represented by Karen Maerovitz from Katz & Associates. The asking rent for this retail space was $55 per square foot.

Players

Juliana Yepes

Broker

1 deal

Broker

Miramar 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