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
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