Presidente Supermarkets Leases Retail Space In Hialeah To Anchor Westland Promenade
3750 West 18th Avenue
$18
$18/SF
Building Size
28,000 SF
Asset Type
Retail
Closing
Apr 2, 2024
AI
The retail property located at 3750 West 18th Avenue, Hialeah, has been leased for an asking rent of $18.50 per square foot. The property spans 28,000 square feet and will be the new location for Presidente Supermarkets.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: Not specified
- Address: 3750 West 18th Avenue
- Market: Hialeah
- Landlord: Sterling Organization
- Tenant: Presidente Supermarkets
- Tenant's Rep: Luis Gonzalez & Neyda Bravo - Bravo & Partners Realty
- Asking Rent: $18.50/ft.
- Square Footage: 28,000
Neyda Bravo and Luis Gonzalez from Bravo & Partners Realty have represented Presidente Supermarkets in their Florida expansion initiatives, securing the supermarket as the new anchor tenant at Westland Promenade in Hialeah, FL.
Players
Hialeah 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
881277.78%
Cash-on-Cash
-251871.89%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93