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12100 Miramar Pkwy, Hollywo...

Sprouts Farmers Market Leases Retail Space On Miramar Parkway For 20535 Sq Ft
LEASEDRetail

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

Lindsey Pankey

Centre-Line Real Estate Services

Broker

1 deal

Broker
Kite Realty
Kite RealtyLandlord

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