Don Eduardo Cocina Mexicana Leases Retail Space In Jacksonville's Park Street
2665 Park St Jacksonville, FL 32204, USA
$35
$35/SF
Building Size
5,000 SF
Asset Type
Retail
Closing
Jul 7, 2023
AI
The retail property located at 2665 Park Street in Jacksonville's Riverside neighborhood has been leased. The property, which spans 5,000 square feet, was leased to Don Eduardo Cocina Mexicana. The new restaurant concept, owned by Maria E. Leon and Rodolfo Torres Gonzales, aims to provide an upscale Mexican dining experience and hand-crafted cocktails in a vibrant setting.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: Lease
- Address: 2665 Park Street, Jacksonville
- Market: Jacksonville
The lease deal was facilitated by Colliers brokers Matthew Clark, Sam Middlekauff, and Olivia Steinemann. They represented both the tenant, Maria E. Leon and Rodolfo Torres Gonzales, and the property owner. The asking rent for the property was $35 per square foot.
Players
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
453228.57%
Cash-on-Cash
-129534.12%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93