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2344 South Douglas Road

Tom Graham Leases Retail Space At 2344 South Douglas Road, Coral Gables
LEASEDRetail

Tom Graham Leases Retail Space At 2344 South Douglas Road, Coral Gables

$61

$61/SF

Building Size

3,958 SF

Asset Type

Retail

Closing

Feb 15, 2024

AI

The retail property located at 2344 South Douglas Road in Coral Gables, with a size of 3,958 square feet, was leased out in a long-term NNN lease transaction. The lease was secured with an asking rent of $61 per square foot. The Landlord, Anais Badia, and the Tenant, Tom Graham, finalized the agreement with the representation of Andres Perez-Cervera from Compass.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: Not specified
  • Address: 2344 South Douglas Road
  • Market: Coral Gables
  • Landlord: Anais Badia
  • Tenant: Tom Graham
  • Broker: Andres Perez-Cervera - Compass
  • Asking Rent: $61/ft.
  • Square Footage: 3,958

Andres Perez-Cervera played a dual role in the lease deal, representing both the Landlord, Anais Badia, and the Tenant, Tom Graham. The successful negotiation resulted in a mutually beneficial long-term NNN lease agreement for the retail property.

Players

Andres Perez-Cervera

Compass

Broker

$23.9M

vol

8 deals

Broker

Market 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

260049.18%

Cash-on-Cash

-74322.85%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93