SRS Real Estate Partners Secures Two New Retail Leases For Noble Properties In Tequesta & Hollywood, FL
6601Taft Street Hollywood, Florida 33024, USA
Building Size
9,408 SF
Asset Type
Retail
Closing
Aug 7, 2023
AI
Noble Properties has arranged two new retail leases in Tequesta and Hollywood, Florida. The property involved in these leases is a retail space spanning 9,408 square feet. The address of the property is 115 N US Highway 1 in Tequesta and 6601 Taft Street in Hollywood.
Summary of Transaction Details
- Property Type: Retail
- Transaction Amount: Not specified
- Address: 115 N US Highway 1, Tequesta, FL & 6601 Taft Street, Hollywood, FL
- Market: Tequesta & Hollywood
- Square Footage: 9,408
Leading the deal is Brandon Woulfe from SRS Real Estate Partners, who acted as the broker for Noble Properties. Five Below, a retail store, leased 8,508 square feet of the space, marking its first location in Tequesta. J & G Electronics also leased a portion of the property, securing 900 square feet for its first store in Hollywood.
Players
Fort Pierce 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