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11225 Miramar Pkwy Miramar,...

Freddo Gelato Leases 1,000 SF Retail Space At Miramar Park Place In Miramar, FL
LEASEDRetail

Freddo Gelato Leases 1,000 SF Retail Space At Miramar Park Place In Miramar, FL

11225 Miramar Pkwy Miramar, FL 33025, USA

$55

$55/SF

Building Size

1,000 SF

Asset Type

Retail

Closing

Jun 27, 2023

AI

The newly established retail center at 11225 Miramar Parkway in Miramar, FL has secured a lease agreement with Freddo Gelato. The property, located at the northwest corner of Red Road and Miramar Parkway, offers approximately 56,683 square feet of retail space. Situated in front of a residential development consisting of 650 units, this prime location presents a great opportunity for Freddo Gelato to expand its presence in the US market. The lease was facilitated by Fabio Faerman and Sebastian Faerman of FA Commercial.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: Lease
  • Address: 11225 Miramar Parkway, Miramar, FL
  • Market: Miramar

FA Commercial is exclusively representing Freddo Gelato in their expansion to the US market. Freddo Gelato, a highly esteemed chain from Argentina, specializes in producing premium artisanal gelato. The brand is currently seeking franchisees for single and multi-unit operations. With its easy operations, very low entry fee, and low investment per store for buildout, Freddo Gelato offers an attractive opportunity for individuals interested in the high-end traditional gelato space. For more information on becoming a Freddo Gelato franchise owner, interested parties can visit their website.

In addition to the lease at Miramar Park Place, Freddo Gelato is still seeking 2nd generation retail spaces to continue their expansion.

Players

Fabio Faerman

FA Commercial

Broker

$274.6M

vol

65 deals

Broker
KS
Konover SouthLandlord
G
GelatoTenant

Miami 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

288418.18%

Cash-on-Cash

-82430.80%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93