Delta Bay Leases Retail Space To Make Way For Health Medical Center At Doral Pointe Shopping Center
2090 Northwest 107th Avenue
$12
$12/SF
Building Size
18,276 SF
Asset Type
Retail
Closing
Apr 14, 2025
AI
A 3,500 SF freestanding former Wells Fargo bank with a drive-thru has been leased within an 18,276 SF hard-corner lot at 2090 Northwest 107th Avenue, Doral Pointe Shopping Center, Doral. The asking rent for this retail asset was set at $12 per square foot. The lease carries a term of 10 years with options available and falls under a single net lease type.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $12/ft
- Square Footage: 3,500 SF
- Address: 2090 Northwest 107th Avenue - Doral Pointe Shopping Center
- Market: Doral
- Landlord: Delta Bay
- Tenant: Make Way For Health Medical Center
- Landlord's Representative: Arnaldo Cantero III, Founder, and Managing Broker - C-3 Commercial Real Estate Advisory
- Lease Term: 10 Years, Plus Options
- Lease Type: Single Net Lease
Arnaldo Cantero III of C-3 Commercial Real Estate Advisory played a crucial role in this transaction, showcasing his expertise in retail leasing and strategic advisory services. C-3 specializes in assisting developers, owners, and investors in optimizing the value of retail properties throughout South Florida, which includes leasing standalone buildings and mixed-use assets. Additionally, a 7,300 SF freestanding retail building at Doral Point is set to become available for lease shortly.
Sweetwater 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
1321916.67%
Cash-on-Cash
-377807.84%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93