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Lease · Retail

Updated Dec 4, 2024

Bilt advertisement
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

About this deal

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

$26.8M

vol

9 deals

Broker

Market Retail Market Snapshot

Boundary boundary · Retail · Lease transactions

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Deal FAQ

About $61 per square foot on a published $61 for 3,958 square feet (2024).

Visit Andres (Andy) Perez-Cervera to view all their deals.

Browse Florida retail leases on Traded.

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

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