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1455 Northwest 107th Avenue

Freddo Leases 534 SF Retail Space At International Mall In Doral From Simon Mall
LEASEDRetail

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

Fabio Faerman

FA Commercial

Broker

$271.8M

vol

63 deals

Broker

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