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
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