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2581 N Hiatus Rd, Hollywood...

Flamingo Supermarket Leases Retail Space In Hollywood To Kimco Realty
LEASEDRetail

Flamingo Supermarket Leases Retail Space In Hollywood To Kimco Realty

2581 N Hiatus Rd, Hollywood, FL, USA

Building Size

46,328 SF

Asset Type

Retail

Closing

Aug 30, 2021

AI

The retail property located at 2581 N Hiatus Rd in Hollywood was recently leased. The transaction took place on August 30, 2021. The property spans approximately 46,328 square feet and is owned by Kimco Realty. Flamingo Supermarket is the tenant who will be occupying the space.

Summary of transaction details

  • Property Type: Retail
  • Transaction Date: 08/30/2021
  • Address: 2581 N Hiatus Rd
  • Market: Hollywood

The lease deal was facilitated by Frank Trelles and Jason Gonzalez from State Street Realty, who represented Flamingo Supermarket. The asking rent for the property was $25 per square foot.

Players

Frank Trelles

Vivo Real Estate Group

Broker

$104.8M

vol

41 deals

Broker
Kimco Realty
Kimco RealtyLandlord

Hollywood 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

5.80%

Cash-on-Cash

-1.66%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93