Sprouts Farmers Market Leases Retail Space On Miramar Parkway For 20535 Sq Ft
12100 Miramar Pkwy, Hollywood, FL...
Building Size
20,535 SF
Asset Type
Retail
Closing
Oct 25, 2018
AI
The retail property at 12100 Miramar Parkway in Hollywood, FL, has found a new tenant in Sprouts Farmers Market. The lease encompasses 20,535 square feet within the Miramar Square shopping center owned by Kite Realty, which spans 235,800 square feet and is home to notable anchors like Kohl’s, Miami Children’s Hospital, and The Goddard School.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: Not specified
- Address: 12100 Miramar Parkway, Hollywood, FL
- Market: Miramar
- Tenant's Rep: Lindsey Pankey (Centre-Line Real Estate Services)
- Landlord's Rep: Ryan Joyce (Kite Realty)
- Tenant: Sprouts Farmers Market
- Landlord: Kite Realty
- Square Feet: 20535
Sprouts Farmers Market's lease agreement was facilitated by Lindsey Pankey of Centre-Line Real Estate Services, representing the tenant, and Ryan Joyce from Kite Realty, acting as the landlord's representative in this deal.
Players
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