Presidente Supermarkets Leases Retail Space In Southplace City Center For Florida Expansion
20505 Dixie Highway
$25
$25/SF
Building Size
25,000 SF
Asset Type
Retail
Closing
Mar 4, 2024
About this deal
AI
The retail property located at 20505 Dixie Highway in Southplace City Center encompasses 25,000 square feet with an asking rent of $25.00 per square foot. Joe Lubeck is the landlord of the property, and Omar Rodriguez is the tenant.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: Not specified
- Tenant's Representative: Luis Gonzalez & Neyda Bravo - Bravo & Partners Realty
- Tenant: Omar Rodriguez
Neyda Bravo and Luis Gonzalez of Bravo and Partners Realty are the representatives for Presidente Supermarkets in their Florida expansion. The supermarket will be a key component in the live-work-play development of Southplace City Center, shaping the community in a significant way.
On the Map
$25
$25/SF
Retail
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Players
Cutler Bay 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
634520.00%
Cash-on-Cash
-181347.76%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93