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
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