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265 S Federal Hwy Dania Bea...

Munch Out Market Leases Retail Space At 265 Federal Highway In Dania Beach
LEASEDRetail

Munch Out Market Leases Retail Space At 265 Federal Highway In Dania Beach

265 S Federal Hwy Dania Beach, FL 33004, USA

$28

$28/SF

Building Size

1,800 SF

Asset Type

Retail

Closing

May 24, 2023

AI

The retail property located at 265 Federal Highway in Dania Beach has been leased. The property spans 1,800 square feet and is situated in a prime location within the market. The landlord, Ricardo G. Begun, has entered into a lease agreement with Munch Out Market as the tenant.

Summary of transaction details:

  • Property Type: Retail
  • Asking Rent: $28 per square foot
  • Lease Term: 5 years plus 5 years

The deal was facilitated by brokers Yaacov Poston, Uri Redler, and Vir Velez from The Real Estate Lab. They represented both the landlord, Ricardo G. Begun, and the tenant, Munch Out Market, in this lease transaction.

Players

Yaacov Poston

The Real Estate Lab

Broker

$62.1M

vol

29 deals

Broker

Ricardo G. Begun

Landlord

$2.9M

vol

2 deals

Landlord

Miami 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

566535.71%

Cash-on-Cash

-161917.65%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93