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2665 Park St Jacksonville, ...

Don Eduardo Cocina Mexicana Leases Retail Space In Jacksonville's Park Street
LEASEDRetail

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

Matthew Clark

Colliers

Broker

$14.5M

vol

4 deals

Broker

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