Freddo Leases 534 SF Retail Space At International Mall In Doral From Simon Mall
1455 Northwest 107th Avenue
$88
$88/SF
Building Size
534 SF
Asset Type
Retail
Closing
Sep 20, 2024
AI
The retail property located at 1455 Northwest 107th Avenue in Doral has a total size of 534 square feet. The property operates under a NNN lease with an asking rent of $88 per square foot. This asset is under the management of Simon Mall and is now leased to Freddo for a new location at International Mall.
Summary of transation details:
- Property Type: Retail
- Transaction Amount: $88/ft
- Square Footage: 534 SF
- Address: 1455 Northwest 107th Avenue
- Market: Doral
- Landlord: Simon Mall
- Tenant: Freddo
- Tenant's Representative: Fabio Faerman & Sebastian Faerman - FA Commercial
- Lease Type: NNN Lease
Freddo's expansion continues with this lease marking their 17th store in South Florida. The transaction was facilitated by representatives Fabio Faerman and Sebastian Faerman from FA Commercial, who are actively seeking additional sites for Freddo in the region. Interested parties can submit sites to FA Commercial or inquire about franchise opportunities.
Players
Doral 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
180261.36%
Cash-on-Cash
-51519.25%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93