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1975 South Ocean Drive

Juniper On The Water Lease In Hallandale Beach Retail Building
LEASEDRetail

Juniper On The Water Lease In Hallandale Beach Retail Building

1975 South Ocean Drive

$50

$50/SF

Building Size

5,100 SF

Asset Type

Retail

Closing

Nov 1, 2023

AI

The retail property located at 1975 South Ocean Drive in Hallandale Beach has been leased for a term of 10 years. The landlord, Hemispheres Condominium Association, has entered into an agreement with the tenant, Juniper On The Water. The leasing transaction was facilitated by Sam Gaita of The Corcoran Group.

Summary of transaction details:

  • Property Type: Retail
  • Asking Rent: $50/ft.
  • Square Footage: 5,100
  • Lease Term: 10 years

This deal showcases the collaborative effort between the landlord, Hemispheres Condominium Association, and the tenant, Juniper On The Water. Sam Gaita of The Corcoran Group acted as the broker representing both parties in the lease agreement.

Players

Sam Gaita

The Corcoran Group

Broker

$31.1M

vol

5 deals

Broker

Hallandale Beach 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

317260.00%

Cash-on-Cash

-90673.88%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93